Equities research analysts expect Intrepid Potash, Inc. (NYSE:IPI) to announce $0.04 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Intrepid Potash’s earnings. Intrepid Potash posted earnings of ($0.03) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 233.3%. The company is expected to announce its next quarterly earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that Intrepid Potash will report full year earnings of $0.10 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.15. For the next financial year, analysts expect that the company will post earnings of $0.18 per share, with EPS estimates ranging from $0.13 to $0.24. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Intrepid Potash.
Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $36.53 million during the quarter, compared to analyst estimates of $35.85 million. Intrepid Potash had a net margin of 1.59% and a return on equity of 0.03%. Intrepid Potash’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of Intrepid Potash from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. BMO Capital Markets increased their price objective on shares of Intrepid Potash from $3.25 to $4.00 and gave the company a “market perform” rating in a research report on Wednesday, October 31st. ValuEngine downgraded shares of Intrepid Potash from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Finally, Stephens set a $7.00 price objective on shares of Intrepid Potash and gave the company a “buy” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Intrepid Potash has a consensus rating of “Hold” and a consensus target price of $4.81.
Shares of Intrepid Potash stock traded down $0.06 during trading on Friday, hitting $4.28. The company’s stock had a trading volume of 844,904 shares, compared to its average volume of 812,778. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.23 and a quick ratio of 1.47. The firm has a market cap of $554.58 million, a price-to-earnings ratio of -23.78 and a beta of 0.74. Intrepid Potash has a 52 week low of $3.12 and a 52 week high of $5.31.
In other news, insider Robert P. Jornayvaz III acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were bought at an average cost of $3.24 per share, with a total value of $32,400.00. Following the transaction, the insider now owns 1,206,650 shares of the company’s stock, valued at approximately $3,909,546. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert P. Jornayvaz III acquired 10,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $35,640.00. Following the completion of the transaction, the chief executive officer now directly owns 1,206,650 shares in the company, valued at approximately $3,981,945. The disclosure for this purchase can be found here. Insiders have purchased a total of 950,634 shares of company stock worth $3,392,298 over the last three months. 27.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in IPI. JPMorgan Chase & Co. boosted its holdings in shares of Intrepid Potash by 68.9% during the 1st quarter. JPMorgan Chase & Co. now owns 103,741 shares of the basic materials company’s stock valued at $377,000 after acquiring an additional 42,321 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Intrepid Potash by 25.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,980,432 shares of the basic materials company’s stock valued at $18,129,000 after acquiring an additional 1,022,582 shares during the last quarter. SG Capital Management LLC boosted its holdings in shares of Intrepid Potash by 101.3% during the 2nd quarter. SG Capital Management LLC now owns 783,076 shares of the basic materials company’s stock valued at $3,211,000 after acquiring an additional 394,126 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Intrepid Potash during the 2nd quarter valued at about $2,089,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Intrepid Potash by 3.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,982,161 shares of the basic materials company’s stock valued at $8,127,000 after acquiring an additional 67,274 shares during the last quarter. 44.86% of the stock is currently owned by hedge funds and other institutional investors.
About Intrepid Potash
Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through two segments, Potash and Trio. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.
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