Ingevity (NGVT) to Release Quarterly Earnings on Tuesday

Ingevity (NYSE:NGVT - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $297.40 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Ingevity Stock Down 0.4 %

Shares of NYSE:NGVT traded down $0.18 during mid-day trading on Friday, reaching $45.01. 179,083 shares of the stock were exchanged, compared to its average volume of 181,741. The company has a quick ratio of 1.04, a current ratio of 1.76 and a debt-to-equity ratio of 6.52. The company has a market cap of $1.64 billion, a P/E ratio of -2.90 and a beta of 1.64. Ingevity has a one year low of $30.90 and a one year high of $56.29. The stock's 50 day simple moving average is $43.34 and its 200-day simple moving average is $40.91.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their price objective on Ingevity from $40.00 to $47.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.17.

About Ingevity

Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies.