Intrepid Potash (NYSE:IPI) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Intrepid Potash (NYSE:IPI) posted its earnings results on Tuesday. The potash and fertilizer producer reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.09), FiscalAI reports. Intrepid Potash had a return on equity of 4.74% and a net margin of 8.94%. The firm had revenue of $51.03 million during the quarter, compared to the consensus estimate of $50.41 million.

Intrepid Potash Price Performance

Shares of NYSE IPI traded down $0.24 during mid-day trading on Tuesday, reaching $30.75. 190,877 shares of the company’s stock were exchanged, compared to its average volume of 247,526. The firm has a 50-day moving average price of $35.24 and a two-hundred day moving average price of $36.51. The firm has a market capitalization of $413.85 million, a price-to-earnings ratio of 15.53 and a beta of 1.31. Intrepid Potash has a 52 week low of $22.55 and a 52 week high of $50.34.

Analysts Set New Price Targets

Several research analysts recently weighed in on IPI shares. Weiss Ratings restated a “hold (c)” rating on shares of Intrepid Potash in a report on Wednesday, August 19th. Freedom Capital upgraded shares of Intrepid Potash to a “strong-buy” rating in a research note on Friday, July 24th. Freedom Broker dropped their target price on shares of Intrepid Potash from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday. Zacks Research downgraded Intrepid Potash from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of Intrepid Potash in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Intrepid Potash presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Intrepid Potash Company Profile

Intrepid Potash, Inc is a U.S.-based mineral producer specializing in potash and specialty fertilizers.