Intrepid Potash (NYSE:IPI) Announces Earnings Results

Intrepid Potash (NYSE:IPI – Get Free Report) released its earnings results on Tuesday. The potash and fertilizer producer reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.09), FiscalAI reports. The business had revenue of $51.03 million for the quarter, compared to analyst estimates of $50.41 million. Intrepid Potash had a return on equity of 4.78% and a net margin of 8.31%.

Intrepid Potash Stock Down 1.7%

Intrepid Potash stock traded down $0.54 during mid-day trading on Thursday, hitting $30.74. 90,126 shares of the company’s stock were exchanged, compared to its average volume of 247,293. The firm has a market capitalization of $413.76 million, a P/E ratio of 16.80 and a beta of 1.06. Intrepid Potash has a fifty-two week low of $22.55 and a fifty-two week high of $50.34. The company’s 50 day simple moving average is $34.96 and its 200-day simple moving average is $36.47.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on IPI

Intrepid Potash Company Profile

(Get Free Report)

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

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Earnings History for Intrepid Potash (NYSE:IPI)

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