Analysts Expect Intrepid Potash, Inc. (NYSE:IPI) to Post $0.04 EPS

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Equities research analysts expect that Intrepid Potash, Inc. (NYSE:IPI) will announce earnings per share of $0.04 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Intrepid Potash’s earnings. Intrepid Potash reported earnings per share of $0.03 in the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is scheduled to report its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Intrepid Potash will report full-year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.24. For the next financial year, analysts anticipate that the business will post earnings of $0.26 per share, with EPS estimates ranging from $0.23 to $0.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Intrepid Potash.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $62.51 million during the quarter, compared to the consensus estimate of $55.68 million. Intrepid Potash had a return on equity of 5.52% and a net margin of 10.78%. Intrepid Potash’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share.

A number of research analysts recently commented on the company. ValuEngine downgraded Intrepid Potash from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised Intrepid Potash from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $4.92.

In other news, CEO Robert P. Jornayvaz III purchased 15,000 shares of Intrepid Potash stock in a transaction dated Friday, May 24th. The shares were bought at an average cost of $3.11 per share, for a total transaction of $46,650.00. Following the completion of the acquisition, the chief executive officer now owns 2,089,144 shares in the company, valued at approximately $6,497,237.84. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert P. Jornayvaz III purchased 17,675 shares of Intrepid Potash stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $3.11 per share, for a total transaction of $54,969.25. Following the completion of the acquisition, the insider now owns 2,089,144 shares of the company’s stock, valued at approximately $6,497,237.84. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 56,370 shares of company stock valued at $177,674. Insiders own 27.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in IPI. Systematic Financial Management LP bought a new stake in Intrepid Potash in the first quarter valued at approximately $222,000. Geode Capital Management LLC boosted its holdings in Intrepid Potash by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,020,818 shares of the basic materials company’s stock valued at $2,654,000 after acquiring an additional 55,222 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Intrepid Potash by 362.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 33,008 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 25,870 shares during the last quarter. Virtu Financial LLC boosted its holdings in Intrepid Potash by 50.7% in the first quarter. Virtu Financial LLC now owns 48,822 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 16,423 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in Intrepid Potash by 44.7% in the second quarter. WINTON GROUP Ltd now owns 300,087 shares of the basic materials company’s stock valued at $1,008,000 after acquiring an additional 92,687 shares during the last quarter. Institutional investors own 43.92% of the company’s stock.

IPI stock traded up $0.01 during midday trading on Monday, reaching $3.13. The company had a trading volume of 339,600 shares, compared to its average volume of 487,702. The company has a market capitalization of $413.07 million, a price-to-earnings ratio of 34.78 and a beta of 1.18. The stock has a 50 day moving average price of $3.43 and a 200-day moving average price of $3.53. Intrepid Potash has a 1-year low of $2.51 and a 1-year high of $4.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.57.

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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