Ingevity (NYSE:NGVT) released its earnings results on Tuesday. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.09, Bloomberg Earnings reports. The firm had revenue of $229.50 million for the quarter, compared to analysts’ expectations of $214.94 million. Ingevity had a net margin of 9.86% and a return on equity of 58.14%. Ingevity’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS.
Ingevity (NGVT) opened at $72.27 on Wednesday. Ingevity has a 12-month low of $52.79 and a 12-month high of $80.18. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.34 and a current ratio of 2.36. The firm has a market cap of $3,047.05, a PE ratio of 29.29, a PEG ratio of 2.08 and a beta of 1.20.
Several research firms have commented on NGVT. Rowe reissued an “outperform” rating and set a $90.00 target price (up previously from $80.00) on shares of Ingevity in a research note on Thursday, November 30th. Zacks Investment Research cut shares of Ingevity from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Loop Capital restated a “buy” rating and set a $80.00 price objective (up previously from $76.00) on shares of Ingevity in a research report on Tuesday, November 14th. Jefferies Group raised their price objective on shares of Ingevity from $71.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub upgraded shares of Ingevity from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $78.17.
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Ingevity Company Profile
Ingevity Corporation is a manufacturer of specialty chemicals and high performance carbon materials. The Company is also a manufacturer of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Company operates through two segments: Performance Materials and Performance Chemicals.
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