MGP Ingredients (NASDAQ:MGPI) Releases FY 2025 Earnings Guidance

MGP Ingredients (NASDAQ:MGPI) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.450-2.750 for the period, compared to the consensus earnings per share estimate of 3.460. The company issued revenue guidance of $520.0 million-$540.0 million, compared to the consensus revenue estimate of $593.0 million.

Analyst Ratings Changes

A number of brokerages have recently commented on MGPI. Roth Mkm lowered their price target on shares of MGP Ingredients from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, December 23rd. TD Cowen downgraded MGP Ingredients from a “buy” rating to a “hold” rating and cut their price target for the company from $66.00 to $50.00 in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on MGP Ingredients from $58.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. StockNews.com raised MGP Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Truist Financial dropped their price target on shares of MGP Ingredients from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

MGP Ingredients Stock Up 1.0 %

MGPI opened at $32.93 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.94 and a current ratio of 6.46. MGP Ingredients has a 1 year low of $30.11 and a 1 year high of $92.52. The firm has a 50 day moving average price of $36.05 and a 200 day moving average price of $56.81. The company has a market cap of $722.91 million, a PE ratio of 6.84 and a beta of 0.62.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Wednesday, February 26th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. MGP Ingredients had a net margin of 14.44% and a return on equity of 14.39%. Sell-side analysts expect that MGP Ingredients will post 5.56 earnings per share for the current year.

MGP Ingredients Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.46%. MGP Ingredients’s payout ratio is 9.98%.

MGP Ingredients Company Profile

MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.