Ingevity (NYSE:NGVT) Releases Earnings Results, Beats Expectations By $0.66 EPS

Ingevity (NYSE:NGVT) announced its quarterly earnings results on Tuesday. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.66, Zacks reports. Ingevity had a negative net margin of 38.11% and a positive return on equity of 24.46%. Ingevity updated its FY 2025 guidance to EPS.

Ingevity Stock Up 1.4 %

Shares of NGVT opened at $45.72 on Wednesday. Ingevity has a twelve month low of $30.90 and a twelve month high of $56.29. The company has a 50 day moving average of $43.31 and a 200-day moving average of $40.89. The company has a quick ratio of 1.04, a current ratio of 1.76 and a debt-to-equity ratio of 6.52.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets increased their target price on Ingevity from $40.00 to $47.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.17.

About Ingevity

Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies.