Ingredion (NYSE:INGR) Posts Earnings Results, Misses Estimates By $0.10 EPS

Ingredion (NYSE:INGR) posted its quarterly earnings results on Tuesday. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.10), FiscalAI reports. Ingredion had a return on equity of 17.32% and a net margin of 10.10%.The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Ingredion updated its FY 2026 guidance to 10.450-11.150 EPS.

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

• Operational problems at the Argo facility drove a $40 million hit in Q1 (higher maintenance, rework and logistics), a thermal event on April 10 disrupted germ processing and management expects that unit to be back to normal in Q2.
• Texture and Healthful Solutions remains a bright spot with its eighth straight quarter of volume growth, a ~$1B solutions portfolio (40% of the segment) driving higher-value sales and strong category growth (pea protein isolates +50%, stevia +6%).
• Company updated 2026 guidance downward: net sales now expected flat to up low single digits, adjusted operating income flat to down low single digits, and adjusted EPS narrowed to $10.45–$11.15, with Q2 adj. operating income expected down high single digits.
• LatAm pressures persist from a strong Mexican peso (transactional FX headwind), softer volumes in parts of the region, and the announced shutdown of the Cabo plant in Northeast Brazil (cease operations by end of Q2), which is included in current guidance.
• Balance sheet and capital allocation remain solid: expected 2026 cash from operations of $725–$825M, disciplined CapEx ($400–$440M), ongoing dividends and share repurchases, and retained M&A optionality to fund strategic growth.

Ingredion Trading Down 1.5%

Ingredion stock traded down $1.65 during midday trading on Tuesday, reaching $105.24. The stock had a trading volume of 1,287,680 shares, compared to its average volume of 644,768. The stock’s 50-day simple moving average is $113.29 and its 200 day simple moving average is $113.17. Ingredion has a twelve month low of $100.71 and a twelve month high of $141.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 2.66. The stock has a market capitalization of $6.64 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.88 and a beta of 0.64.

Ingredion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Wednesday, April 1st were issued a $0.82 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $3.28 dividend on an annualized basis and a yield of 3.1%. Ingredion’s dividend payout ratio (DPR) is presently 29.39%.

Key Ingredion News

Here are the key news stories impacting Ingredion this week:

• Positive Sentiment: Valuation may attract value buyers — Ingredion trades at a low P/E (~9.4) and below recent 50/200-day levels, which could support interest from income/value investors.
• Neutral Sentiment: Company released its Q1 earnings materials and conference-call resources (transcript, slide deck) for investors to review for more detail. Listen to Conference Call
• Neutral Sentiment: Several previews and analyst notes were published ahead of the print that set expectations and context for the quarter. Earnings Preview
• Negative Sentiment: Q1 EPS missed estimates — reported $2.34 vs. consensus ~$2.44 and well below prior-year EPS of $2.97; this disappointed investors and is a primary driver of the share decline. Ingredion (INGR) Lags Q1 Earnings Estimates
• Negative Sentiment: FY2026 guidance trimmed and below Street expectations — company set adjusted EPS guidance of $10.45–$11.15 (company mid/center below the ~11.34 consensus), reducing near-term earnings visibility. Q1 Results & Guidance
• Negative Sentiment: Brazil plant closure and impairment charges — Ingredion will cease operations at its Cabo, Brazil facility and take related impairment charges, a near-term hit to earnings and a sign of restructuring costs. Brazil Plant Closure
• Negative Sentiment: Operating profitability declined — reported and adjusted operating income fell about 22–26% year-over-year, and revenue was slightly down (~1.2%), signaling margin pressure. Q1 Results & Operating Trends

Insider Transactions at Ingredion

In other news, VP Davida Marie Gable sold 375 shares of Ingredion stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $112.44, for a total value of $42,165.00. Following the transaction, the vice president directly owned 7,110 shares of the company’s stock, valued at $799,448.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Larry Fernandes sold 3,630 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $118.40, for a total value of $429,792.00. Following the sale, the senior vice president owned 32,055 shares of the company’s stock, valued at $3,795,312. The trade was a 10.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,686 shares of company stock worth $5,784,010 in the last three months. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ingredion

A number of hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its holdings in shares of Ingredion by 90.9% during the 4th quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock valued at $219,949,000 after acquiring an additional 950,006 shares in the last quarter. AQR Capital Management LLC grew its position in Ingredion by 143.1% in the third quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock valued at $144,685,000 after acquiring an additional 701,063 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Ingredion by 108.1% during the fourth quarter. Voloridge Investment Management LLC now owns 413,375 shares of the company’s stock valued at $45,579,000 after purchasing an additional 214,716 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ingredion by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $324,118,000 after purchasing an additional 177,134 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in Ingredion by 612.5% during the 4th quarter. Corient Private Wealth LLC now owns 199,244 shares of the company’s stock worth $21,969,000 after buying an additional 171,281 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Benchmark initiated coverage on Ingredion in a report on Tuesday, March 17th. They set a “buy” rating and a $130.00 price objective on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Barclays raised their price objective on Ingredion from $124.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $124.71.

About Ingredion

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.