$0.05 EPS Expected for Intrepid Potash, Inc. (NYSE:IPI) This Quarter
Equities analysts forecast that Intrepid Potash, Inc. (NYSE:IPI) will report earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Intrepid Potash’s earnings. Intrepid Potash reported earnings per share of $0.06 during the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The company is expected to issue its next quarterly earnings report on Tuesday, March 10th.
According to Zacks, analysts expect that Intrepid Potash will report full year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.18. For the next year, analysts expect that the firm will report earnings of $0.21 per share, with EPS estimates ranging from $0.19 to $0.25. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Intrepid Potash.
Several research firms recently weighed in on IPI. ValuEngine upgraded shares of Intrepid Potash from a “strong sell” rating to a “sell” rating in a report on Thursday, October 17th. Zacks Investment Research lowered shares of Intrepid Potash from a “hold” rating to a “sell” rating in a report on Thursday, November 7th.
Large investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in Intrepid Potash by 25.4% during the second quarter. Aperio Group LLC now owns 29,856 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 6,045 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Intrepid Potash by 49,843.8% in the second quarter. Bank of Montreal Can now owns 7,991 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 7,975 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of Intrepid Potash by 25.9% during the second quarter. ETF Managers Group LLC now owns 49,519 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 10,194 shares in the last quarter. THB Asset Management lifted its holdings in shares of Intrepid Potash by 8.3% during the second quarter. THB Asset Management now owns 152,627 shares of the basic materials company’s stock valued at $512,000 after purchasing an additional 11,760 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of Intrepid Potash by 1.5% during the third quarter. Great Lakes Advisors LLC now owns 785,891 shares of the basic materials company’s stock valued at $2,570,000 after buying an additional 11,963 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intrepid Potash stock opened at $2.25 on Wednesday. The business has a 50 day moving average of $2.64 and a 200 day moving average of $3.14. Intrepid Potash has a 52 week low of $2.06 and a 52 week high of $4.39. The company has a market cap of $296.94 million, a PE ratio of 25.00 and a beta of 1.17. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.
About Intrepid Potash
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.
See Also: Why are gap-down stocks important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Intrepid Potash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrepid Potash and related companies with MarketBeat.com's FREE daily email newsletter.