MGP Ingredients (MGPI) to Release Earnings on Wednesday
MGP Ingredients (NASDAQ:MGPI) is set to issue its quarterly earnings data before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.52 per share for the quarter. MGP Ingredients has set its FY19 guidance at $2.55-$2.65 EPS and its FY 2019 guidance at $2.55-2.65 EPS.
MGP Ingredients (NASDAQ:MGPI) last announced its earnings results on Wednesday, May 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $89.10 million during the quarter, compared to analyst estimates of $91.25 million. MGP Ingredients had a net margin of 9.97% and a return on equity of 19.31%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. On average, analysts expect MGP Ingredients to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ MGPI opened at $68.04 on Tuesday. The firm’s 50 day simple moving average is $66.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.25 and a quick ratio of 1.59. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 31.35 and a beta of 1.75. MGP Ingredients has a 12-month low of $53.66 and a 12-month high of $100.00.
About MGP Ingredients
MGP Ingredients, Inc, together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates in two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products.
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