Wall Street brokerages expect Intrepid Potash, Inc. (NYSE:IPI) to report earnings per share of ($0.01) for the current quarter, Zacks reports. Zero analysts have provided estimates for Intrepid Potash’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.00. Intrepid Potash reported earnings per share of ($0.19) in the same quarter last year, which suggests a positive year-over-year growth rate of 94.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Intrepid Potash will report full-year earnings of ($0.15) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.14). For the next year, analysts forecast that the business will post earnings of $0.08 per share, with EPS estimates ranging from $0.07 to $0.09. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Intrepid Potash.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings results on Monday, October 30th. The basic materials company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Intrepid Potash had a negative return on equity of 8.09% and a negative net margin of 22.88%. The business had revenue of $32.06 million for the quarter, compared to analyst estimates of $33.15 million. During the same quarter in the prior year, the company posted ($0.22) EPS. The company’s quarterly revenue was down 26.5% on a year-over-year basis.

IPI has been the topic of several research reports. Cowen reissued a “sell” rating and set a $3.50 target price on shares of Intrepid Potash in a research note on Friday, December 1st. Stephens initiated coverage on Intrepid Potash in a research note on Monday, December 4th. They set an “equal weight” rating and a $4.00 target price on the stock. Finally, BMO Capital Markets increased their target price on Intrepid Potash from $3.00 to $4.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.55.

In other Intrepid Potash news, EVP James N. Whyte sold 86,796 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $3.84, for a total transaction of $333,296.64. Following the sale, the executive vice president now owns 360,903 shares in the company, valued at approximately $1,385,867.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert P. Jornayvaz III purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of $3.85 per share, for a total transaction of $38,500.00. Following the acquisition, the insider now owns 1,206,650 shares in the company, valued at $4,645,602.50. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 25,100 shares of company stock worth $93,003. 27.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. LMR Partners LLP purchased a new stake in Intrepid Potash during the 3rd quarter worth about $155,000. Saratoga Research & Investment Management purchased a new stake in Intrepid Potash during the 3rd quarter worth about $157,000. Thompson Davis & CO. Inc. purchased a new stake in Intrepid Potash during the 3rd quarter worth about $184,000. State Board of Administration of Florida Retirement System increased its holdings in Intrepid Potash by 226.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 42,683 shares of the basic materials company’s stock worth $186,000 after purchasing an additional 29,610 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Intrepid Potash by 12.3% during the 2nd quarter. Wells Fargo & Company MN now owns 57,809 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 6,336 shares during the period. Institutional investors own 47.88% of the company’s stock.

Shares of Intrepid Potash (NYSE IPI) traded down $0.11 during trading on Monday, hitting $4.32. The stock had a trading volume of 913,200 shares, compared to its average volume of 1,328,889. Intrepid Potash has a twelve month low of $1.24 and a twelve month high of $5.12. The firm has a market cap of $564.93, a price-to-earnings ratio of -9.39 and a beta of 1.12. The company has a current ratio of 4.71, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.

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About Intrepid Potash

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

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