MGP Ingredients, Inc. (NASDAQ:MGPI) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MGPI to report 3Q20 income of $ 0.54 per share from revenue of $ 95.91 million.
For the full year, analysts anticipate top line of $ 385.92 million, while looking forward to income of $ 2.34 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.03 ~ $ 2.13 per share
Click Here For More Historical Outlooks Of MGP Ingredients, Inc.
Previous Quarter Performance
MGP Ingredients, Inc. revealed income for the second quarter of $ 0.54 per share, from the revenue of $ 92.56 million. The quarterly earnings expanded 17.39 percent compared with the same quarter last year. Street analysts expected MGP Ingredients, Inc. to report income of $ 0.48 per share on revenue of $ 93.42 million for the second quarter. The bottom line results beat street analysts by $ 0.06 or 12.50 percent, at the same time, top line results fell short of analysts by $ 0.86 million or 0.92 percent.
Stock Performance
Shares of MGP Ingredients, Inc. traded low $ -0.66 or -1.62 percent on Wednesday, reaching $ 40.19 with volume of 141.40 thousand shares. MGP Ingredients, Inc. has traded high as $ 40.28 and has cracked $ 38.90 on the downward trend
According to the previous trading day, closing price of $ 40.19, representing a 88.77 % increase from the 52 week low of $ 21.64 and a 23.4 % decrease over the 52 week high of $ 53.33.
The company has a market capital of $ 679.75 million and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.12 per share to holders of record as of the close of business on August 21, 2020, with payment date of September 4, 2020 and ex-dividend date on August 20, 2020.
Conference Call
MGP Ingredients, Inc. will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mgpingredients.com
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates in two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products.
