Ingredion (NYSE:INGR) Issues FY25 Earnings Guidance

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

Analyst Ratings Changes

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

Ingredion Price Performance

NYSE INGR traded down $0.03 during mid-day trading on Thursday, hitting $126.25. The stock had a trading volume of 184,734 shares, compared to its average volume of 537,434. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. The firm’s 50 day moving average is $138.40 and its 200 day moving average is $136.03. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.11 and a beta of 0.74. Ingredion has a twelve month low of $107.77 and a twelve month high of $155.44.

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

Ingredion Dividend Announcement

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

Insider Buying and Selling

In other Ingredion news, SVP Larry Fernandes sold 6,122 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.66, for a total value of $861,120.52. Following the sale, the senior vice president now owns 29,034 shares of the company’s stock, valued at $4,083,922.44. This trade represents a 17.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James D. Gray sold 54,869 shares of the 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 completion of the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at $1,877,794.20. This represents a 81.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,992 shares of company stock valued at $8,913,841. 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.