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

February 15, 2018 - By Darrin Black

 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 improved, 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.
Comerica Bancorporation stated it has 22,067 shares or 0.01% of all its holdings. Pembroke Mgmt Ltd reported 132,265 shares. Timessquare Ltd holds 0.37% or 903,570 shares. Texas-based Dimensional Fund Advsrs Limited Partnership has invested 0.02% in MGP Ingredients, Inc. (NASDAQ:MGPI). Jennison Associate Ltd Company holds 0.01% or 179,455 shares in its portfolio. Stephens Ar accumulated 0% or 1,443 shares. Lord Abbett accumulated 191,149 shares. Morgan Stanley invested 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). State Street Corp has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Suntrust Banks has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 6,334 shares. Aperio Group Limited Liability Corporation accumulated 4,275 shares. Paloma Prtn Management holds 0% or 3,579 shares. 227,650 were accumulated by Walthausen & Com Ltd Liability Corporation. Wellington Mgmt Grp Llp stated it has 111,173 shares. Conestoga Capital Advsr Limited Liability Corp owns 896,389 shares or 2.4% of their US portfolio.

Since August 17, 2017, it had 0 buys, and 3 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 stock of MGP Ingredients, Inc. (NASDAQ:MGPI) has “Buy” rating given on Wednesday, January 31 by Sidoti. Craig Hallum initiated the shares of MGPI in report on Wednesday, May 25 with “Buy” rating. The company was initiated on Wednesday, February 1 by Sidoti. The firm has “Buy” rating given on Monday, January 29 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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