MGP Ingredients (NASDAQ:MGPI) Updates FY 2025 Earnings Guidance

MGP Ingredients (NASDAQ:MGPI) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.450-2.750 for the period, compared to the consensus 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.

Analysts Set New Price Targets

MGPI has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of MGP Ingredients from $58.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. TD Cowen lowered MGP Ingredients from a “buy” rating to a “hold” rating and dropped their price target for the stock from $66.00 to $50.00 in a research note on Wednesday, November 6th. Roth Mkm reduced their price objective on MGP Ingredients from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. StockNews.com upgraded shares of MGP Ingredients from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Truist Financial cut their target price on shares of MGP Ingredients from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.29.

MGP Ingredients Stock Down 1.1 %

Shares of NASDAQ MGPI traded down $0.37 during midday trading on Wednesday, reaching $32.22. 1,074,062 shares of the company’s stock were exchanged, compared to its average volume of 395,407. The stock has a market capitalization of $707.33 million, a PE ratio of 6.70 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 has a debt-to-equity ratio of 0.31, a quick ratio of 1.94 and a current ratio of 6.46. The business’s fifty day moving average price is $36.05 and its two-hundred day moving average price is $56.81.

MGP Ingredients (NASDAQ:MGPI) last released its earnings results on Wednesday, February 26th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. MGP Ingredients had a net margin of 14.44% and a return on equity of 14.39%. Analysts forecast that MGP Ingredients will post 5.56 EPS for the current year.

MGP Ingredients Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. MGP Ingredients’s payout ratio is 9.98%.

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.