Ingredion (INGR) Set to Announce Quarterly Earnings on Thursday

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Ingredion (NYSE:INGR) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $2.02 per share for the quarter. Ingredion has set its FY18 guidance at $7.50-7.80 EPS.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Ingredion had a net margin of 8.40% and a return on equity of 18.91%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.89 EPS. On average, analysts expect Ingredion to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of NYSE INGR opened at $101.15 on Wednesday. The stock has a market capitalization of $7.06 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.28 and a beta of 0.61. Ingredion has a 52 week low of $89.48 and a 52 week high of $146.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.48 and a current ratio of 2.46.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Monday, October 1st were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 2.47%. This is a boost from Ingredion’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, September 28th. Ingredion’s dividend payout ratio is presently 32.47%.

INGR has been the topic of a number of research reports. Citigroup lowered their price objective on shares of Ingredion from $95.00 to $89.00 and set a “sell” rating on the stock in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of Ingredion from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. ValuEngine raised shares of Ingredion from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 27th. Credit Suisse Group cut shares of Ingredion from an “outperform” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a research note on Wednesday, July 18th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price objective on shares of Ingredion in a research note on Friday, July 13th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Ingredion has a consensus rating of “Hold” and an average price target of $124.50.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

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Earnings History for Ingredion (NYSE:INGR)

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