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

Intrepid Potash (NYSE:IPIGet Free Report) 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.

View Our Latest Analysis on IPI

Intrepid Potash Company Profile

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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.

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Earnings History for Intrepid Potash (NYSE:IPI)

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