Ingevity (NYSE:NGVT) Posts Quarterly Earnings Results, Beats Estimates By $0.66 EPS

Ingevity (NYSE:NGVT) issued its earnings results on Tuesday. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.66, Zacks reports. Ingevity had a negative net margin of 38.11% and a positive return on equity of 24.46%. Ingevity updated its FY 2025 guidance to EPS.

Ingevity Trading Up 1.4 %

Ingevity stock traded up $0.62 during mid-day trading on Tuesday, hitting $45.72. The company’s stock had a trading volume of 297,202 shares, compared to its average volume of 203,103. The company has a debt-to-equity ratio of 6.52, a quick ratio of 1.04 and a current ratio of 1.76. The company has a 50 day moving average of $43.31 and a 200-day moving average of $40.89. Ingevity has a one year low of $30.90 and a one year high of $56.29. The stock has a market cap of $1.66 billion, a PE ratio of -2.94 and a beta of 1.64.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their price target on Ingevity from $40.00 to $47.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.17.

Ingevity Company Profile

Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies.