Ingredion (NYSE:INGR) Releases FY25 Earnings Guidance

Ingredion (NYSE:INGR) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $10.75-11.55 for the period, compared to the consensus earnings per share estimate of $11.19. Ingredion also updated its FY 2025 guidance to 10.750-11.550 EPS.

Analysts Set New Price Targets

A number of brokerages have issued reports on INGR. Oppenheimer cut their price objective on shares of Ingredion from $178.00 to $167.00 and set an “outperform” rating for the company in a report on Wednesday. Stephens cut their target price on shares of Ingredion from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday. UBS Group raised their target price on shares of Ingredion from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, November 15th. BMO Capital Markets cut their target price on shares of Ingredion from $147.00 to $133.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Barclays raised their target price on shares of Ingredion from $145.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $154.33.

Ingredion Trading Down 0.0 %

NYSE INGR traded down $0.03 on Thursday, hitting $126.25. 184,734 shares of the stock were exchanged, compared to its average volume of 537,434. 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 fifty day moving average price of $138.40 and a two-hundred day moving average price of $136.03. The firm has a market capitalization of $8.23 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.11 and a beta of 0.74. Ingredion has a 52-week low of $107.77 and a 52-week high of $155.44.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. Ingredion’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 earnings per share. Research analysts forecast that Ingredion will post 10.59 EPS for the current fiscal year.

Ingredion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Thursday, January 2nd were given a dividend of $0.80 per share. The ex-dividend date was Thursday, January 2nd. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. Ingredion’s dividend payout ratio (DPR) is 31.22%.

Insider Transactions at Ingredion

In other Ingredion news, 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Fernandes sold 6,122 shares of Ingredion stock in a transaction dated 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 in the company, valued at $4,083,922.44. This trade represents a 17.41 % decrease in their position. 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. 1.80% of the stock is currently owned by insiders.

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.