Ingredion (NYSE:INGR) Issues FY25 Earnings Guidance

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

Ingredion Stock Down 5.5 %

Shares of Ingredion stock opened at $127.36 on Wednesday. Ingredion has a one year low of $107.40 and a one year high of $155.44. 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 stock’s 50-day moving average is $138.82 and its 200 day moving average is $136.10. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.11 and a beta of 0.74.

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

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Thursday, January 2nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $3.20 annualized dividend and a yield of 2.51%. Ingredion’s payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Oppenheimer increased their price target on Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays increased their price objective on Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Stephens raised Ingredion to a “hold” rating in a research note on Monday, December 2nd. BMO Capital Markets increased their price objective on Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. Finally, UBS Group increased their price objective on Ingredion from $165.00 to $173.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ingredion presently has an average rating of “Moderate Buy” and an average target price of $155.17.

Insider Activity at Ingredion

In related news, CFO James D. Gray sold 54,869 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $146.76, for a total transaction of $8,052,574.44. Following the sale, the chief financial officer now directly owns 12,795 shares in the company, valued at approximately $1,877,794.20. This represents a 81.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Larry Fernandes sold 6,122 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.66, for a total transaction of $861,120.52. Following the completion of the transaction, the senior vice president now directly owns 29,034 shares of the company’s stock, valued at approximately $4,083,922.44. This trade represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,992 shares of company stock valued at $8,913,841. 1.80% of the stock is owned by insiders.

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.