Q4 EPS Estimates for MGP Ingredients Cut by Roth Capital

MGP Ingredients, Inc. (NASDAQ:MGPI) – Equities researchers at Roth Capital dropped their Q4 2024 earnings per share estimates for MGP Ingredients in a report released on Friday, November 1st. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings per share of $1.48 for the quarter, down from their prior estimate of $1.54. The consensus estimate for MGP Ingredients’ current full-year earnings is $5.58 per share. Roth Capital also issued estimates for MGP Ingredients’ Q4 2025 earnings at $1.33 EPS and Q3 2026 earnings at $1.33 EPS.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $161.50 million during the quarter, compared to the consensus estimate of $161.55 million. MGP Ingredients had a return on equity of 14.39% and a net margin of 14.44%. MGP Ingredients’s revenue for the quarter was down 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS.

MGPI has been the topic of a number of other research reports. Truist Financial reduced their target price on MGP Ingredients from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday. Loop Capital set a $75.00 price objective on MGP Ingredients in a report on Friday, October 18th. Roth Mkm lowered their price target on MGP Ingredients from $92.00 to $88.00 and set a “buy” rating for the company in a report on Friday, October 18th. StockNews.com upgraded MGP Ingredients from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Lake Street Capital lowered MGP Ingredients from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $75.00 in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, MGP Ingredients has a consensus rating of “Moderate Buy” and an average price target of $86.60.

MGP Ingredients Stock Performance

Shares of MGPI stock opened at $45.52 on Monday. MGP Ingredients has a 52-week low of $45.48 and a 52-week high of $102.42. The stock’s 50-day moving average price is $77.75 and its 200 day moving average price is $78.41. The stock has a market capitalization of $1.00 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.78 and a beta of 0.66. The company has a quick ratio of 2.22, a current ratio of 6.46 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in MGP Ingredients by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 1,126,323 shares of the company’s stock valued at $110,965,000 after purchasing an additional 31,839 shares during the period. Norden Group LLC bought a new position in shares of MGP Ingredients in the 1st quarter worth $261,000. Janney Montgomery Scott LLC acquired a new position in MGP Ingredients in the first quarter valued at about $495,000. FORA Capital LLC acquired a new position in shares of MGP Ingredients during the first quarter worth about $287,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of MGP Ingredients by 239.2% during the first quarter. Mutual of America Capital Management LLC now owns 64,557 shares of the company’s stock worth $5,560,000 after buying an additional 45,527 shares during the period. 77.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MGP Ingredients

In other MGP Ingredients news, Director Karen Seaberg sold 1,109 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $90.14, for a total value of $99,965.26. Following the transaction, the director now directly owns 134,969 shares of the company’s stock, valued at $12,166,105.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 36.20% of the stock is owned by insiders.

MGP Ingredients Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, November 15th. MGP Ingredients’s dividend 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.