Ingredion (NYSE:INGR) Announces Earnings Results

Ingredion (NYSE:INGR) announced its earnings results on Tuesday. The company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.11, FiscalAI reports. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 EPS. Ingredion updated its FY 2026 guidance to 10.300-10.900 EPS.

Here are the key takeaways from Ingredion’s conference call:

• Second-quarter results were mixed: net sales rose 1% to $1.85 billion, while adjusted operating income fell 5% to $258 million and adjusted EPS declined $0.05 year over year.
• Texture & Healthful Solutions remained the growth engine, with volume up 7% for the ninth consecutive quarter and operating income reaching its second-highest level ever, supported by clean-label, protein, fiber, and health-and-wellness demand.
• Argo’s operational recovery progressed: the facility returned to normal production rates by the end of June, and management expects margins to improve toward historical levels by year-end, although some costs will continue flowing through inventory in the third quarter.
• The Tate & Lyle acquisition cleared shareholder approval, advancing the regulatory process; Ingredion continues to cite $130 million in expected run-rate synergies by 2030, more than 15% adjusted EPS accretion in the first full year, and a path to below 2.5x net leverage within 18 months of closing.
• Input-cost and regional pressures remain: tapioca prices are up more than 40% since the start of the year, while Mexico’s macroeconomic and currency headwinds persist; full-year adjusted operating income is now expected to decline mid-single digits, with U.S./Canada operating income down 20%–25%.

Ingredion Stock Performance

INGR traded up $0.97 on Thursday, reaching $104.27. 408,365 shares of the stock were exchanged, compared to its average volume of 749,658. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.83. The company’s 50-day moving average price is $99.94 and its 200 day moving average price is $108.22. The firm has a market capitalization of $6.57 billion, a PE ratio of 11.36, a PEG ratio of 0.89 and a beta of 0.62. Ingredion has a fifty-two week low of $94.44 and a fifty-two week high of $130.48.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Wednesday, July 1st were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.1%. Ingredion’s payout ratio is currently 35.77%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INGR shares. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. UBS Group increased their price target on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays lowered their price target on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in Ingredion in the fourth quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd raised its position in Ingredion by 166.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 381 shares of the company’s stock worth $47,000 after buying an additional 238 shares during the last quarter. DV Equities LLC acquired a new stake in Ingredion during the 4th quarter valued at approximately $55,000. Johnson Financial Group Inc. lifted its stake in Ingredion by 221.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 626 shares of the company’s stock valued at $76,000 after acquiring an additional 431 shares during the period. Finally, Quarry LP boosted its holdings in shares of Ingredion by 246.6% in the 4th quarter. Quarry LP now owns 766 shares of the company’s stock valued at $84,000 after acquiring an additional 545 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

About Ingredion

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.