MGP Ingredients (NASDAQ:MGPI) Issues 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 guidance of 2.450-2.750 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

MGPI has been the subject of a number of recent research reports. Roth Mkm cut their target price 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. TD Cowen cut shares of 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. Lake Street Capital upgraded MGP Ingredients from a “hold” rating to a “buy” rating and reduced their target price for the stock from $55.00 to $45.00 in a research note on Thursday. StockNews.com raised shares of MGP Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Truist Financial cut their price target on MGP Ingredients from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.00.

MGP Ingredients Stock Down 1.3 %

NASDAQ MGPI traded down $0.43 during trading on Friday, hitting $32.83. The company’s stock had a trading volume of 81,600 shares, compared to its average volume of 400,850. MGP Ingredients has a fifty-two week low of $31.31 and a fifty-two week high of $92.52. The company has a market cap of $720.78 million, a PE ratio of 6.80 and a beta of 0.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.46 and a quick ratio of 1.94. The business’s 50 day simple moving average is $35.67 and its 200-day simple moving average is $56.47.

MGP Ingredients Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, March 14th. MGP Ingredients’s dividend payout ratio is presently 31.79%.

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.