Brokerages Anticipate Intrepid Potash, Inc. (IPI) to Post $0.04 EPS

Equities research analysts predict that Intrepid Potash, Inc. (NYSE:IPI) will post $0.04 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Intrepid Potash’s earnings. Intrepid Potash reported earnings per share of ($0.02) in the same quarter last year, which indicates a positive year over year growth rate of 300%. The company is expected to issue its next earnings report before the market opens on Tuesday, October 30th.

On average, analysts expect that Intrepid Potash will report full-year earnings of $0.10 per share for the current financial year, with EPS estimates ranging from $0.07 to $0.15. For the next financial year, analysts anticipate that the firm will post earnings of $0.18 per share, with EPS estimates ranging from $0.11 to $0.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Intrepid Potash.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings results on Thursday, August 2nd. The basic materials company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.05). The firm had revenue of $54.00 million for the quarter, compared to analyst estimates of $43.08 million. Intrepid Potash had a negative net margin of 1.47% and a negative return on equity of 1.15%. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share.

A number of equities analysts recently commented on IPI shares. Zacks Investment Research raised Intrepid Potash from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Wednesday, July 25th. BMO Capital Markets cut their price objective on Intrepid Potash from $4.00 to $3.25 and set a “market perform” rating on the stock in a research note on Monday, August 6th. Finally, ValuEngine lowered Intrepid Potash from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $4.13.

Intrepid Potash stock opened at $3.57 on Tuesday. The company has a current ratio of 3.47, a quick ratio of 1.53 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $470.67 million, a P/E ratio of -19.83 and a beta of 0.98. Intrepid Potash has a one year low of $3.12 and a one year high of $5.31.

In other Intrepid Potash news, CEO Robert P. Jornayvaz III bought 10,800 shares of the stock in a transaction on Wednesday, September 5th. The stock was acquired at an average cost of $3.30 per share, for a total transaction of $35,640.00. Following the completion of the acquisition, the chief executive officer now owns 1,206,650 shares in the company, valued at approximately $3,981,945. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert P. Jornayvaz III bought 10,000 shares of the stock in a transaction on Wednesday, August 15th. The stock was acquired at an average price of $3.24 per share, with a total value of $32,400.00. Following the completion of the acquisition, the insider now owns 1,206,650 shares of the company’s stock, valued at approximately $3,909,546. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 47,700 shares of company stock worth $159,224. 27.70% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund increased its holdings in Intrepid Potash by 24.4% in the first quarter. New York State Common Retirement Fund now owns 98,007 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 19,200 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Intrepid Potash by 152.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 33,008 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 19,919 shares in the last quarter. Bank of America Corp DE increased its holdings in Intrepid Potash by 96.9% in the second quarter. Bank of America Corp DE now owns 41,056 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 20,204 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in Intrepid Potash by 113.9% in the first quarter. MetLife Investment Advisors LLC now owns 47,533 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 25,309 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Intrepid Potash by 13.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 212,697 shares of the basic materials company’s stock worth $775,000 after purchasing an additional 25,900 shares in the last quarter. Institutional investors and hedge funds own 45.56% of the company’s stock.

Intrepid Potash Company Profile

Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through two segments, Potash and Trio. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.

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