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

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

Ingredion Stock Performance

Shares of Ingredion stock traded down $0.12 on Thursday, hitting $126.15. 52,168 shares of the company’s stock were exchanged, compared to its average volume of 531,502. Ingredion has a 1 year low of $107.77 and a 1 year high of $155.44. The company has a 50-day simple moving average of $138.40 and a 200-day simple moving average of $136.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.67. The stock has a market capitalization of $8.22 billion, a PE ratio of 12.31, a PEG ratio of 1.11 and a beta of 0.74.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 2.54%. Ingredion’s dividend payout ratio is currently 31.22%.

Analyst Ratings Changes

A number of analysts have commented on INGR shares. Barclays lifted their target price on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets dropped their price target on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating on the stock in a report on Wednesday. UBS Group boosted their price objective 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 dropped their target price on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Stephens decreased their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.33.

Insider Transactions at Ingredion

In related news, SVP Larry Fernandes sold 6,122 shares of the company’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 completion of the transaction, the senior vice president now owns 29,034 shares of the company’s stock, valued at approximately $4,083,922.44. This represents a 17.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James D. Gray sold 54,869 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $146.76, for a total value of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,992 shares of company stock worth $8,913,841 in the last three months. Corporate insiders own 1.80% of the company’s stock.

About Ingredion

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.