Ingredion (NYSE:INGR) Releases Earnings Results, Misses Estimates By $0.31 EPS

Ingredion (NYSE:INGR) posted its quarterly earnings results on Thursday. The company reported $2.28 EPS for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.31), FiscalAI reports. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $2.75 EPS.

Here are the key takeaways from Ingredion’s conference call:

• Ingredion lowered its 2026 outlook, now expecting flat net sales, adjusted operating income down mid-teens, adjusted EPS of $9.25–$9.70, and operating cash flow of $650–$750 million. The revision reflects Argo’s slower profit recovery and a more cautious view of consumer demand.
• Argo’s production has stabilized and inventories are largely rebuilt, but profitability remains pressured by below-target yields, elevated maintenance spending, and softer customer volumes. Management said recovery in operating efficiency is taking longer than expected and will continue to weigh on the business.
• Texture & Healthful Solutions posted its 10th consecutive quarter of volume growth, up 2%, while Clean Label Solutions sales rose 8% year to date. Management cited a strong project pipeline and continued customer interest in reformulation, though record-high tapioca costs and weaker price mix reduced segment operating income.
• Higher energy, freight, and non-corn input costs are pressuring margins, while affordability concerns are contributing to weaker U.S./Canada demand, particularly in sweeteners and packaged-food categories. Management said pricing and productivity actions are offsetting much, but not all, of the cost inflation.
• The Tate & Lyle acquisition remains on track, with regulatory reviews underway and closing targeted for the second half of 2027. Ingredion has begun integration planning and expects the combination to broaden its customer solutions, but executives did not provide further transaction details.

Ingredion Price Performance

Shares of NYSE:INGR traded down $5.96 during trading on Friday, reaching $91.46. The company had a trading volume of 1,342,574 shares, compared to its average volume of 733,960. The company has a fifty day moving average of $97.89 and a two-hundred day moving average of $105.39. Ingredion has a 12 month low of $90.18 and a 12 month high of $123.49. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $5.77 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 0.83 and a beta of 0.63.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Thursday, October 1st were paid a $0.83 dividend. This is an increase from Ingredion’s previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, October 1st. Ingredion’s payout ratio is 36.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on INGR shares. Stephens cut their target price on shares of Ingredion from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday. UBS Group lowered their target price on Ingredion from $108.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of Ingredion from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Finally, Barclays lowered their price objective on Ingredion from $118.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $115.00.

Trending Headlines about Ingredion

Here are the key news stories impacting Ingredion this week:

• Positive Sentiment: Texture & Health Solutions posted its 10th consecutive quarter of sales-volume growth, with share gains in strategic categories and continued global growth in clean-label products. Ingredion third-quarter results
• Neutral Sentiment: Stephens cut its price target to $100 from $105 but maintained an “equal weight” rating; the new target still implies potential upside from the quoted $91.46 price. Stephens stock recommendations
• Negative Sentiment: Third-quarter adjusted EPS of $2.28 missed analyst estimates of about $2.55–$2.59 and fell from $2.75 a year earlier. Revenue was $1.79 billion, slightly below expectations and down 1.3% year over year; reported and adjusted operating income both declined 19%. Ingredion Q3 earnings miss estimates
• Negative Sentiment: Higher manufacturing costs and softer demand squeezed margins, prompting Ingredion to lower its 2026 adjusted EPS outlook to $9.25–$9.70. The earnings shortfall and reduced guidance are likely the main drivers of the stock’s decline. Higher costs hurt margins and outlook

About Ingredion

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions provider that develops and produces starches, sweeteners, texturizers, fibers, plant-based proteins and other specialty ingredients. The company processes plant-based raw materials, including corn, tapioca, potato, rice and other grains, into ingredients used by manufacturers across a range of industries.

Ingredion’s products support food and beverage applications such as bakery products, dairy and alternative dairy, confectionery, beverages and prepared foods.