EPS for MGP Ingredients, Inc. (MGPI) Expected At $0.49

February 15, 2018 - By Ellis Scott

 EPS for MGP Ingredients, Inc. (MGPI) Expected At $0.49
Investors sentiment increased to 1.32 in 2017 Q3. Its up 0.39, from 0.93 in 2017Q2. It is positive, as 8 investors sold MGP Ingredients, Inc. shares while 33 reduced holdings. 17 funds opened positions while 37 raised stakes. 16.40 million shares or 1.83% more from 16.10 million shares in 2017Q2 were reported.
Bb&T has invested 0.01% in MGP Ingredients, Inc. (NASDAQ:MGPI). Vanguard Grp Inc Inc holds 545,113 shares or 0% of its portfolio. Next Financial Group Incorporated stated it has 0.01% in MGP Ingredients, Inc. (NASDAQ:MGPI). Royal Savings Bank Of Canada reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Jpmorgan Chase And reported 6,552 shares. Bnp Paribas Arbitrage reported 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). State Board Of Administration Of Florida Retirement System reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Natl Bank Of Ny Mellon Corp accumulated 142,994 shares. Wellington Gp Llp stated it has 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Advsr Asset Mgmt reported 0.01% stake. Aperio Gp Lc stated it has 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). California Public Employees Retirement System reported 39,761 shares. Envestnet Asset Management Inc reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Paloma Prns Mgmt owns 3,579 shares for 0% of their portfolio. Stephens Ar holds 0% or 1,443 shares in its portfolio.

Since August 17, 2017, it had 0 insider buys, and 3 insider sales for $1.87 million activity.

Analysts expect MGP Ingredients, Inc. (NASDAQ:MGPI) to report $0.49 EPS on March, 14.They anticipate $0.01 EPS change or 2.08 % from last quarter’s $0.48 EPS. MGPI’s profit would be $8.19 million giving it 44.00 P/E if the $0.49 EPS is correct. After having $0.38 EPS previously, MGP Ingredients, Inc.’s analysts see 28.95 % EPS growth. The stock increased 1.29% or $1.1 during the last trading session, reaching $86.24. About 96,972 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 102.52% since February 15, 2017 and is uptrending. It has outperformed by 85.82% the S&P500.

MGP Ingredients, Inc. (NASDAQ:MGPI) Ratings Coverage

Among 3 analysts covering MGP Ingredients (NASDAQ:MGPI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. MGP Ingredients had 5 analyst reports since May 25, 2016 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 31 by Sidoti. Craig Hallum maintained it with “Buy” rating and $105.0 target in Monday, January 29 report. The rating was initiated by Sidoti with “Buy” on Wednesday, February 1. The company was initiated on Wednesday, May 25 by Craig Hallum.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. The company has market cap of $1.44 billion. The firm operates through two divisions, Distillery Products and Ingredient Solutions. It has a 39.61 P/E ratio. 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, as well as for various industrial processors.

More important recent MGP Ingredients, Inc. (NASDAQ:MGPI) news were published by: Globenewswire.com which released: “MGP Ingredients Reports Third Quarter 2017 Results” on November 02, 2017, also Globenewswire.com published article titled: “MGP Ingredients Schedules Fourth Quarter and Full Year 2017 Conference Call …”, Seekingalpha.com published: “MGP Ingredients: Supplier To The Alcohol Gods Is Already Above The Clouds” on January 12, 2018. More interesting news about MGP Ingredients, Inc. (NASDAQ:MGPI) was released by: Seekingalpha.com and their article: “MGP Ingredients – Wait For The Call?” with publication date: October 26, 2017.

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