MGP Ingredients (MGPI) Expected to Announce Earnings on Wednesday

MGP Ingredients (NASDAQ:MGPI) is projected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect MGP Ingredients to post earnings of $1.49 per share and revenue of $177.17 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

MGP Ingredients Trading Down 0.2 %

Shares of MGPI opened at $32.19 on Monday. MGP Ingredients has a 52-week low of $31.81 and a 52-week high of $92.52. The business’s fifty day moving average is $36.51 and its 200-day moving average is $57.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.94 and a current ratio of 6.46. The firm has a market cap of $706.57 million, a price-to-earnings ratio of 6.69 and a beta of 0.62.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on MGP Ingredients from $58.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. StockNews.com upgraded MGP Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Roth Mkm reduced their price objective on MGP Ingredients from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. TD Cowen lowered MGP Ingredients from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $66.00 to $50.00 in a research report on Wednesday, November 6th. Finally, Truist Financial reduced their price objective on MGP Ingredients from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Three research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

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.