MGP Ingredients (NASDAQ:MGPI) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

MGP Ingredients (NASDAQ:MGPI) issued its earnings results on Wednesday. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08, Zacks reports. MGP Ingredients had a net margin of 14.44% and a return on equity of 14.39%. MGP Ingredients updated its FY 2025 guidance to 2.450-2.750 EPS.

MGP Ingredients Stock Performance

MGPI traded up $0.75 during trading on Wednesday, reaching $33.34. The company’s stock had a trading volume of 495,998 shares, compared to its average volume of 379,167. The company has a market capitalization of $731.89 million, a price-to-earnings ratio of 6.90 and a beta of 0.62. MGP Ingredients has a 52-week low of $31.31 and a 52-week high of $92.52. The company’s fifty day moving average price is $36.05 and its 200-day moving average price is $56.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.94 and a current ratio of 6.46.

MGP Ingredients Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 1.44%. MGP Ingredients’s dividend payout ratio is presently 9.98%.

Analysts Set New Price Targets

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