MGP Ingredients (MGPI) to Release Earnings on Wednesday

MGP Ingredients (NASDAQ:MGPI - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect MGP Ingredients to post earnings of $1.49 per share and revenue of $177.17 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

MGP Ingredients Stock Performance

Shares of NASDAQ MGPI traded down $0.05 during midday trading on Friday, hitting $32.19. The company's stock had a trading volume of 422,619 shares, compared to its average volume of 319,945. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.94 and a current ratio of 6.46. The firm's fifty day moving average price is $36.51 and its 200-day moving average price is $57.88. MGP Ingredients has a 1-year low of $31.81 and a 1-year high of $92.52. The firm has a market cap of $706.57 million, a P/E ratio of 6.69 and a beta of 0.62.

Analyst Ratings Changes

Several equities research analysts have weighed in on MGPI shares. Truist Financial dropped their target price on MGP Ingredients from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. TD Cowen lowered shares of MGP Ingredients from a "buy" rating to a "hold" rating and dropped their price target for the company from $66.00 to $50.00 in a research note on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on MGP Ingredients from $58.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. StockNews.com upgraded MGP Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Roth Mkm lowered their price target on MGP Ingredients from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.29.

MGP Ingredients Company Profile

MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.