MGP Ingredients (NASDAQ:MGPI) Issues Earnings Results, Beats Expectations By $0.08 EPS

MGP Ingredients (NASDAQ:MGPI - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.08, Zacks reports. The business had revenue of $180.80 million for the quarter, compared to analyst estimates of $177.17 million. MGP Ingredients had a return on equity of 14.39% and a net margin of 14.44%. MGP Ingredients updated its FY 2025 guidance to 2.450-2.750 EPS.

MGP Ingredients Stock Performance

Shares of MGPI traded down $0.52 during mid-day trading on Friday, hitting $32.74. 434,511 shares of the company's stock were exchanged, compared to its average volume of 410,441. MGP Ingredients has a fifty-two week low of $31.31 and a fifty-two week high of $92.52. The firm has a market capitalization of $718.74 million, a P/E ratio of 6.81 and a beta of 0.62. The business's 50 day moving average is $35.53 and its two-hundred day moving average is $55.92. The company has a current ratio of 6.46, a quick ratio of 1.94 and a debt-to-equity ratio of 0.31.

MGP Ingredients Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 14th. MGP Ingredients's payout ratio is 31.79%.

Wall Street Analyst Weigh In

MGPI has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on MGP Ingredients from $58.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. TD Cowen lowered MGP Ingredients from a "buy" rating to a "hold" rating and dropped their target price for the company from $66.00 to $50.00 in a report on Wednesday, November 6th. Lake Street Capital raised MGP Ingredients from a "hold" rating to a "buy" rating and dropped their target price for the company from $55.00 to $45.00 in a report on Thursday. StockNews.com lowered MGP Ingredients from a "hold" rating to a "sell" rating in a report on Friday. Finally, Roth Mkm dropped their target price on MGP Ingredients from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $67.00.

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.