MGP Ingredients (NASDAQ:MGPI) Updates 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 Ratings Changes

Several brokerages have recently commented on MGPI. Roth Mkm decreased their price target 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. StockNews.com upgraded shares of MGP Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Lake Street Capital raised MGP Ingredients from a “hold” rating to a “buy” rating and dropped their target price for the company from $55.00 to $45.00 in a report on Thursday. TD Cowen cut MGP Ingredients from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $66.00 to $50.00 in a research report on Wednesday, November 6th. Finally, Truist Financial decreased their target price on MGP Ingredients from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, MGP Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

MGP Ingredients Stock Performance

Shares of MGP Ingredients stock opened at $31.75 on Thursday. The stock has a market capitalization of $696.90 million, a price-to-earnings ratio of 6.65 and a beta of 0.62. The firm’s fifty day simple moving average is $35.85 and its 200-day simple moving average is $56.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.46 and a quick ratio of 1.94. MGP Ingredients has a 12 month low of $31.31 and a 12 month high of $92.52.

MGP Ingredients Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.51%. MGP Ingredients’s dividend payout ratio (DPR) is 9.98%.

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.