Analysts Anticipate Intrepid Potash, Inc. (IPI) Will Announce Earnings of $0.03 Per Share

Equities research analysts expect Intrepid Potash, Inc. (NYSE:IPI) to post earnings per share of $0.03 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Intrepid Potash’s earnings. Intrepid Potash posted earnings per share of $0.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The company is scheduled to issue its next quarterly earnings report on Tuesday, April 23rd.

According to Zacks, analysts expect that Intrepid Potash will report full year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.22. For the next year, analysts anticipate that the company will post earnings of $0.20 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Intrepid Potash.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings data on Tuesday, March 12th. The basic materials company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The firm had revenue of $34.90 million during the quarter, compared to analyst estimates of $36.19 million. Intrepid Potash had a return on equity of 3.00% and a net margin of 6.04%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) earnings per share.

Several research analysts recently commented on IPI shares. Zacks Investment Research upgraded Intrepid Potash from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Tuesday, January 22nd. ValuEngine raised shares of Intrepid Potash from a “sell” rating to a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.83.

In related news, CEO Robert P. Jornayvaz III bought 13,900 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of $3.67 per share, for a total transaction of $51,013.00. Following the transaction, the chief executive officer now owns 1,206,650 shares of the company’s stock, valued at $4,428,405.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Joseph G. Montoya sold 9,500 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $3.70, for a total value of $35,150.00. Following the completion of the transaction, the vice president now owns 71,950 shares of the company’s stock, valued at $266,215. The disclosure for this sale can be found here. Insiders have purchased 417,370 shares of company stock valued at $1,342,048 over the last 90 days. 27.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in shares of Intrepid Potash during the 4th quarter worth approximately $27,000. SG Americas Securities LLC acquired a new position in Intrepid Potash in the 4th quarter valued at $34,000. Macquarie Group Ltd. acquired a new position in Intrepid Potash in the 4th quarter valued at $35,000. Legal & General Group Plc grew its holdings in Intrepid Potash by 24.1% in the 4th quarter. Legal & General Group Plc now owns 18,218 shares of the basic materials company’s stock valued at $47,000 after buying an additional 3,533 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Intrepid Potash in the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 44.52% of the company’s stock.

IPI traded down $0.03 on Thursday, hitting $3.79. The company had a trading volume of 35,361 shares, compared to its average volume of 631,061. The firm has a market cap of $499.81 million, a P/E ratio of 42.11 and a beta of 1.16. Intrepid Potash has a 12-month low of $2.51 and a 12-month high of $5.31. The company has a current ratio of 4.18, a quick ratio of 1.82 and a debt-to-equity ratio of 0.12.

Intrepid Potash Company Profile

Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. 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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