The Ingevity Corp (NGVT) Issues Earnings Results

The Ingevity Corp (NGVT) Issues  Earnings Results

Shares of Ingevity Corp (NASDAQ NGVT) traded down 0.03% on Wednesday, hitting $59.10. 170,437 shares of the stock were exchanged. The company’s 50 day moving average is $57.17 and its 200-day moving average is $57.98. The stock has a market cap of $2.49 billion and a PE ratio of 55.75. Ingevity Corp has a 52-week low of $37.53 and a 52-week high of $65.02.

Ingevity Corp (NASDAQ:NGVT) posted its earnings results on Wednesday. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.08, Bloomberg Earnings reports. The business had revenue of $260.30 million for the quarter, compared to the consensus estimate of $259.56 million. Ingevity Corp had a net margin of 10.53% and a return on equity of 55.06%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year.

A number of research firms have commented on NGVT. Zacks Investment Research downgraded shares of Ingevity Corp from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Group LLC set a $68.00 target price on shares of Ingevity Corp and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Aegis reissued a “buy” rating and set a $67.00 target price on shares of Ingevity Corp in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $64.75.

In other Ingevity Corp news, Director Jean S. Blackwell purchased 1,500 shares of Ingevity Corp stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $58.38 per share, with a total value of $87,570.00. Following the completion of the transaction, the director now owns 4,711 shares of the company’s stock, valued at $275,028.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ingevity Corp 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.

Related posts

Leave a Comment