Ingredion (INGR) to Release Earnings on Wednesday
Ingredion (NASDAQ:INGR) is scheduled to post its Q114 quarterly earnings results on Wednesday, April 30th. Analysts expect Ingredion to post earnings of $0.26 per share and revenue of $292.14 million for the quarter. Ingredion has set its FY14 guidance at $5.35-5.75 EPS.Parties interested in registering for the company’s conference call can do so using this link.
Ingredion (NASDAQ:INGR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.36 by $0.01. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. On average, analysts expect Ingredion to post $5.55 EPS for the current fiscal year and $6.13 EPS for the next fiscal year.
Shares of Ingredion (NASDAQ:INGR) opened at 67.05 on Tuesday. Ingredion has a 52 week low of $58.28 and a 52 week high of $72.66. The stock’s 50-day moving average is $67.44 and its 200-day moving average is $66.87. The company has a market cap of $4.995 billion and a price-to-earnings ratio of 13.38.
INGR has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Ingredion in a research note on Wednesday, April 16th. They set an “outperform” rating and a $80.00 price target on the stock. On the ratings front, analysts at BMO Capital Markets cut their price target on shares of Ingredion from $74.00 to $72.00 in a research note on Friday, February 7th. Finally, analysts at BB&T Corp. cut their price target on shares of Ingredion from $78.00 to $75.00 in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $74.04.
Ingredion Incorporated (NASDAQ:INGR), formerly Corn Products International, Inc is a global manufacturer and supplier of starch and sweetener ingredients to a range of industries, including packaged food, beverage, brewing and industrial customers.
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