MGP Ingredients (MGPI) Expected to Announce Earnings on Wednesday

MGP Ingredients (NASDAQ:MGPI) is projected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect MGP Ingredients to post earnings of $1.49 per share and revenue of $177.17 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

MGP Ingredients Stock Down 0.2 %

Shares of MGPI opened at $32.19 on Monday. The company has a market capitalization of $706.57 million, a PE ratio of 6.69 and a beta of 0.62. MGP Ingredients has a 12 month low of $31.81 and a 12 month high of $92.52. The stock’s 50-day moving average price is $36.51 and its two-hundred day moving average price is $57.53. The company has a current ratio of 6.46, a quick ratio of 1.94 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MGPI shares. StockNews.com raised MGP Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Roth Mkm dropped 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. Wells Fargo & Company dropped their price objective on MGP Ingredients from $58.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen downgraded MGP Ingredients from a “buy” rating to a “hold” rating and dropped their price objective for the company from $66.00 to $50.00 in a research note on Wednesday, November 6th. Finally, Truist Financial dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MGP Ingredients has an average rating of “Moderate Buy” and a consensus target price of $71.29.

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.