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

MGP Ingredients (NASDAQ:MGPI) posted its quarterly 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

MGP Ingredients stock traded up $0.67 during midday trading on Wednesday, hitting $33.26. The company’s stock had a trading volume of 419,857 shares, compared to its average volume of 377,102. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.46 and a quick ratio of 1.94. MGP Ingredients has a 1-year low of $31.31 and a 1-year high of $92.52. The company has a 50-day moving average price of $36.05 and a two-hundred day moving average price of $56.81. The company has a market cap of $730.16 million, a price-to-earnings ratio of 6.91 and a beta of 0.62.

MGP Ingredients Dividend Announcement

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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.44%. MGP Ingredients’s dividend payout ratio is 9.98%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MGPI. Roth Mkm reduced their target price on shares of MGP Ingredients from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Truist Financial decreased their price target 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 cut MGP Ingredients from a “buy” rating to a “hold” rating and decreased their target price for the stock from $66.00 to $50.00 in a report on Wednesday, November 6th. Wells Fargo & Company reduced 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 report on Tuesday, January 7th. Finally, StockNews.com raised shares of MGP Ingredients from a “sell” rating to a “hold” rating in a research note 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $71.29.

About MGP Ingredients

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.