Ingevity (NGVT) Projected to Post Quarterly Earnings on Tuesday

Ingevity (NYSE:NGVT) is anticipated to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $297.40 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Ingevity Price Performance

Ingevity stock opened at $45.01 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.04 and a debt-to-equity ratio of 6.52. The stock has a market cap of $1.64 billion, a P/E ratio of -2.90 and a beta of 1.64. The company has a 50-day moving average price of $43.34 and a 200 day moving average price of $40.91. Ingevity has a 12-month low of $30.90 and a 12-month high of $56.29.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price objective on Ingevity from $40.00 to $47.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.17.

About Ingevity

Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies.