MGP Ingredients (NASDAQ:MGPI - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.450-2.750 for the period, compared to the consensus EPS estimate of 3.460. The company issued revenue guidance of $520.0 million-$540.0 million, compared to the consensus revenue estimate of $593.0 million.
MGP Ingredients Price Performance
NASDAQ:MGPI traded down $0.52 during midday trading on Friday, hitting $32.74. 434,511 shares of the stock were exchanged, compared to its average volume of 410,441. MGP Ingredients has a one year low of $31.31 and a one year high of $92.52. The company has a market capitalization of $718.74 million, a price-to-earnings ratio of 6.81 and a beta of 0.62. The business has a 50-day moving average price of $35.67 and a two-hundred day moving average price of $56.47. 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.48 annualized dividend and a yield of 1.47%. MGP Ingredients's dividend payout ratio is currently 31.79%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on MGPI shares. TD Cowen downgraded shares of MGP Ingredients from a "buy" rating to a "hold" rating and dropped their target price for the stock from $66.00 to $50.00 in a report on Wednesday, November 6th. Roth Mkm reduced their price objective on MGP Ingredients from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. StockNews.com lowered MGP Ingredients from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company reduced their price objective on MGP Ingredients from $58.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Finally, Truist Financial reduced their price objective on MGP Ingredients from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $67.00.
Get Our Latest Analysis on MGP Ingredients
About MGP Ingredients
(
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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.
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