Ingredion (NYSE:INGR) Announces Quarterly Earnings Results

Ingredion (NYSE:INGR) announced its quarterly earnings results on Thursday. The company reported $2.28 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.31), FiscalAI reports. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. Ingredion’s revenue was down 1.3% on a year-over-year basis.

Here are the key takeaways from Ingredion’s conference call:

• Ingredion lowered its 2026 outlook, now expecting flat net sales, adjusted operating income down mid-teens, adjusted EPS of $9.25–$9.70, and operating cash flow of $650–$750 million. The revision reflects Argo’s slower profit recovery and a more cautious view of consumer demand.
• Argo’s production has stabilized and inventories are largely rebuilt, but profitability remains pressured by below-target yields, elevated maintenance spending, and softer customer volumes. Management said recovery in operating efficiency is taking longer than expected and will continue to weigh on the business.
• Texture & Healthful Solutions posted its 10th consecutive quarter of volume growth, up 2%, while Clean Label Solutions sales rose 8% year to date. Management cited a strong project pipeline and continued customer interest in reformulation, though record-high tapioca costs and weaker price mix reduced segment operating income.
• Higher energy, freight, and non-corn input costs are pressuring margins, while affordability concerns are contributing to weaker U.S./Canada demand, particularly in sweeteners and packaged-food categories. Management said pricing and productivity actions are offsetting much, but not all, of the cost inflation.
• The Tate & Lyle acquisition remains on track, with regulatory reviews underway and closing targeted for the second half of 2027. Ingredion has begun integration planning and expects the combination to broaden its customer solutions, but executives did not provide further transaction details.

Ingredion Price Performance

Ingredion stock traded down $5.96 during midday trading on Friday, reaching $91.46. The company’s stock had a trading volume of 1,342,574 shares, compared to its average volume of 733,960. The firm has a market capitalization of $5.77 billion, a PE ratio of 9.97, a P/E/G ratio of 0.83 and a beta of 0.63. Ingredion has a fifty-two week low of $90.18 and a fifty-two week high of $123.49. The stock’s 50 day simple moving average is $97.89 and its 200 day simple moving average is $105.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80.

Ingredion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Thursday, October 1st were issued a $0.83 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.32 annualized dividend and a dividend yield of 3.6%. This is an increase from Ingredion’s previous quarterly dividend of $0.82. Ingredion’s payout ratio is 36.21%.

Ingredion News Summary

Here are the key news stories impacting Ingredion this week:

• Positive Sentiment: Texture & Health Solutions posted its 10th consecutive quarter of sales-volume growth, with share gains in strategic categories and continued global growth in clean-label products. Ingredion third-quarter results
• Neutral Sentiment: Stephens cut its price target to $100 from $105 but maintained an “equal weight” rating; the new target still implies potential upside from the quoted $91.46 price. Stephens stock recommendations
• Negative Sentiment: Third-quarter adjusted EPS of $2.28 missed analyst estimates of about $2.55–$2.59 and fell from $2.75 a year earlier. Revenue was $1.79 billion, slightly below expectations and down 1.3% year over year; reported and adjusted operating income both declined 19%. Ingredion Q3 earnings miss estimates
• Negative Sentiment: Higher manufacturing costs and softer demand squeezed margins, prompting Ingredion to lower its 2026 adjusted EPS outlook to $9.25–$9.70. The earnings shortfall and reduced guidance are likely the main drivers of the stock’s decline. Higher costs hurt margins and outlook

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Stephens lowered their target price on Ingredion from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday. Barclays cut their price target on Ingredion from $118.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. UBS Group reduced their price target on Ingredion from $108.00 to $104.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings upgraded Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.00.

Ingredion Company Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.

Ingredion’s products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.