Ingredion Incorporated (NYSE:INGR) is expected to report second quarter earnings results, before market open, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.35 per share.
Looking ahead, the full year income are expected at $ 6.20 per share on the revenues of $ 5918.00 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.60 ~ $ 7.20 per share
Click Here For More Historical Outlooks Of Ingredion Incorporated
Previous Quarter Performance
Ingredion Incorporated outlined income for the first quarter of $ 1.59 per share, from the revenue of $ 1,543.00 million. The quarterly earnings escalated 3.25 percent while revenues boosted 8.66 percent compared with the same quarter last year.
According to street consensus, INGR was expected to report 1Q20 income of $ 1.52 per share from revenue of $ 1480.28 million. The bottom line results beat street analysts by $ 0.07 or 4.61 percent, at the same time, top line results outshined analysts by $ 62.72 million or 4.24 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of INGR was $ 87.47, representing a 47.98 % increase from the 52 week low of $ 59.11 and a 12.1 % decrease over the 52 week high of $ 99.51.
The company has a market capital of $ 5.86 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
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Recent Stock Dividend Announcement
On May 20, 2020, the board of directors authorized quarterly dividend of $ 0.63 per share to holders of record as of the close of business on July 1, 2020, with payment date of July 27, 2020 and ex-dividend date on June 30, 2020.
Conference Call
Ingredion Incorporated will be hosting a conference call at 9:00 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ingredion.com
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
