Ingredion (NYSE:INGR) Posts Earnings Results, Misses Expectations By $0.31 EPS

Ingredion (NYSE:INGR) issued its quarterly earnings results on Thursday. The company reported $2.28 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.31), FiscalAI reports. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%. Ingredion’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $2.75 earnings per share.

Here are the key takeaways from Ingredion’s conference call:

• Ingredion lowered its 2026 outlook, now expecting flat net sales, adjusted operating income down mid-teens, adjusted EPS of $9.25–$9.70, and operating cash flow of $650–$750 million. The revision reflects Argo’s slower profit recovery and a more cautious view of consumer demand.
• Argo’s production has stabilized and inventories are largely rebuilt, but profitability remains pressured by below-target yields, elevated maintenance spending, and softer customer volumes. Management said recovery in operating efficiency is taking longer than expected and will continue to weigh on the business.
• Texture & Healthful Solutions posted its 10th consecutive quarter of volume growth, up 2%, while Clean Label Solutions sales rose 8% year to date. Management cited a strong project pipeline and continued customer interest in reformulation, though record-high tapioca costs and weaker price mix reduced segment operating income.
• Higher energy, freight, and non-corn input costs are pressuring margins, while affordability concerns are contributing to weaker U.S./Canada demand, particularly in sweeteners and packaged-food categories. Management said pricing and productivity actions are offsetting much, but not all, of the cost inflation.
• The Tate & Lyle acquisition remains on track, with regulatory reviews underway and closing targeted for the second half of 2027. Ingredion has begun integration planning and expects the combination to broaden its customer solutions, but executives did not provide further transaction details.

Ingredion Stock Performance

Shares of INGR traded up $0.16 during trading hours on Thursday, hitting $97.52. The company’s stock had a trading volume of 1,841,216 shares, compared to its average volume of 733,912. The business has a 50 day simple moving average of $97.89 and a two-hundred day simple moving average of $105.39. Ingredion has a 52-week low of $92.01 and a 52-week high of $123.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.83 and a beta of 0.63.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Thursday, October 1st were paid a $0.83 dividend. The ex-dividend date was Thursday, October 1st. This is a positive change from Ingredion’s previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 3.4%. Ingredion’s dividend payout ratio is 36.21%.

Trending Headlines about Ingredion

Here are the key news stories impacting Ingredion this week:

• Positive Sentiment: Texture & Health recorded its 10th consecutive quarter of sales-volume growth, with share gains in strategic categories and continued global growth in clean-label products. Ingredion Q3 2026 results
• Negative Sentiment: Adjusted EPS was $2.28, below analyst estimates of about $2.55–$2.59 and down from $2.75 a year earlier. Reported and adjusted operating income each fell 19% year over year; revenue slipped 1.3% to $1.79 billion, slightly below estimates. Ingredion Q3 earnings miss estimates
• Negative Sentiment: Ingredion adjusted its full-year outlook to EPS of $9.25–$9.70, with reported EPS guidance of $8.04–$8.49. The weaker results and revised outlook are likely to weigh on investor expectations for near-term earnings. Ingredion reports third-quarter results

Analysts Set New Price Targets

A number of research analysts have recently weighed in on INGR shares. UBS Group reduced their target price on shares of Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Barclays decreased their target price on Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 14th. Weiss Ratings upgraded Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Finally, Zacks Research raised Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $119.83.

Ingredion Company Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.

Ingredion’s products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.