Ingevity (NYSE:NGVT) posted its quarterly earnings data on Tuesday. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.09, Bloomberg Earnings reports. The business had revenue of $229.50 million during the quarter, compared to analyst estimates of $214.94 million. Ingevity had a net margin of 9.86% and a return on equity of 58.14%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share.

Shares of Ingevity (NYSE:NGVT) traded down $0.08 during trading hours on Tuesday, reaching $72.27. 191,754 shares of the company traded hands, compared to its average volume of 214,993. The firm has a market capitalization of $3,050.00 and a PE ratio of 32.35. Ingevity has a 52-week low of $52.79 and a 52-week high of $80.18. The company has a current ratio of 2.36, a quick ratio of 1.34 and a debt-to-equity ratio of 1.92.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Ingevity from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Loop Capital reduced their target price on shares of Ingevity from $83.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, December 26th. Rowe reaffirmed an “outperform” rating and issued a $90.00 target price (up previously from $80.00) on shares of Ingevity in a report on Thursday, November 30th. BidaskClub raised shares of Ingevity from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. Finally, Jefferies Group raised their target price on shares of Ingevity from $71.00 to $84.00 and gave the company a “buy” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Ingevity presently has a consensus rating of “Buy” and an average price target of $78.17.

TRADEMARK VIOLATION NOTICE: This article was first posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at

Ingevity Company Profile

Ingevity Corporation is a manufacturer of specialty chemicals and high performance carbon materials. The Company is also a manufacturer of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Company operates through two segments: Performance Materials and Performance Chemicals.

Earnings History for Ingevity (NYSE:NGVT)

Receive News & Ratings for Ingevity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingevity and related companies with's FREE daily email newsletter.