Ingevity Corp reports results for the quarter ended in March - Earnings Summary

Ingevity

05/05/2022 09:06

* Ingevity Corp  NGVT.N  reported quarterly adjusted
earnings of
$1.62​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of $1.04 per share.
    * Revenue rose 19.5% to $382.80 million from a year ago; 
analysts
expected $341.58 million. 
    * Ingevity Corp's reported EPS for the quarter was $1.55​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ingevity Corp shares had fallen by 1.8% this quarter and
lost 12.3% so far this year.
    * The company reported quarterly net income of $60.8
million.
    * Wall Street's median 12-month price target for Ingevity
Corp is
$90.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 08:06 a.m.  ​All
figures in US dollars unless otherwise stated