Ingredion (NYSE:INGR) Posts Earnings Results, Beats Estimates By $0.09 EPS

Ingredion (NYSE:INGR) announced its quarterly earnings results on Tuesday. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.09, Zacks reports. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm posted $1.65 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Ingredion updated its FY 2025 guidance to 10.750-11.550 EPS and its FY25 guidance to $10.75-11.55 EPS.

Ingredion Price Performance

INGR stock opened at $127.30 on Wednesday. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.11 and a beta of 0.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. The company has a 50 day simple moving average of $138.82 and a 200 day simple moving average of $136.10. Ingredion has a 1 year low of $107.40 and a 1 year high of $155.44.

Ingredion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.51%. Ingredion’s dividend payout ratio (DPR) is currently 31.22%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INGR shares. UBS Group increased their price target on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. Oppenheimer upped their price objective on Ingredion from $147.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their target price on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Stephens raised shares of Ingredion to a “hold” rating in a research report on Monday, December 2nd. Finally, Barclays increased their target price on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.17.

Insider Transactions at Ingredion

In related news, SVP Larry Fernandes sold 6,122 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.66, for a total value of $861,120.52. Following the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,083,922.44. The trade was a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO James D. Gray sold 54,869 shares of Ingredion stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $146.76, for a total value of $8,052,574.44. Following the transaction, the chief financial officer now directly owns 12,795 shares in the company, valued at $1,877,794.20. The trade was a 81.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,992 shares of company stock worth $8,913,841. Corporate insiders own 1.80% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.