Intrepid Potash (NYSE:IPI) Releases Earnings Results, Misses Estimates By $0.25 EPS

Intrepid Potash (NYSE:IPI) announced its earnings results on Monday. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.25), Zacks reports. Intrepid Potash had a negative net margin of 19.19% and a negative return on equity of 2.02%. The firm had revenue of $57.55 million for the quarter, compared to the consensus estimate of $42.57 million. During the same period in the prior year, the business earned ($0.53) EPS.

Intrepid Potash Stock Performance

Shares of NYSE IPI opened at $28.75 on Wednesday. The business has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $23.98. Intrepid Potash has a 52 week low of $17.52 and a 52 week high of $29.22. The stock has a market cap of $381.80 million, a price-to-earnings ratio of -7.63 and a beta of 2.18.

Analyst Ratings Changes

Separately, UBS Group raised their target price on Intrepid Potash from $18.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday.

Intrepid Potash Company Profile

Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.