Equities research analysts predict that Intrepid Potash, Inc. (NYSE:IPI) will post $0.03 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Intrepid Potash’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.04. Intrepid Potash posted earnings per share of ($0.03) in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The company is expected to report its next earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Intrepid Potash will report full year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.07. For the next financial year, analysts forecast that the business will report earnings of $0.17 per share, with EPS estimates ranging from $0.13 to $0.24. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Intrepid Potash.

Intrepid Potash (NYSE:IPI) last announced its earnings results on Tuesday, October 30th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $36.53 million during the quarter, compared to analysts’ expectations of $35.85 million. Intrepid Potash had a return on equity of 0.03% and a net margin of 1.59%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

IPI has been the subject of a number of research analyst reports. TheStreet upgraded Intrepid Potash from a “d+” rating to a “c-” rating in a report on Monday, November 12th. BMO Capital Markets upped their price target on Intrepid Potash from $3.25 to $4.00 and gave the stock a “market perform” rating in a report on Wednesday, October 31st. Stephens set a $7.00 price target on Intrepid Potash and gave the stock a “buy” rating in a report on Tuesday, October 30th. Zacks Investment Research upgraded Intrepid Potash from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. Finally, ValuEngine lowered Intrepid Potash from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.81.

In other news, major shareholder Clearway Capital Management Lt bought 306,467 shares of the business’s stock in a transaction that occurred on Wednesday, October 17th. The stock was acquired at an average cost of $3.55 per share, for a total transaction of $1,087,957.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James N. Whyte sold 88,088 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $4.27, for a total value of $376,135.76. Following the completion of the transaction, the executive vice president now owns 298,838 shares of the company’s stock, valued at $1,276,038.26. The disclosure for this sale can be found here. 27.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in shares of Intrepid Potash in the second quarter valued at $4,298,000. Malaga Cove Capital LLC acquired a new position in Intrepid Potash during the third quarter worth $385,000. Perella Weinberg Partners Capital Management LP acquired a new position in Intrepid Potash during the third quarter worth $406,000. Swiss National Bank acquired a new position in Intrepid Potash during the second quarter worth $699,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in Intrepid Potash by 152.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 33,008 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 19,919 shares in the last quarter. Institutional investors and hedge funds own 43.73% of the company’s stock.

Shares of Intrepid Potash stock opened at $3.22 on Monday. The company has a market cap of $422.16 million, a price-to-earnings ratio of -17.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.23 and a quick ratio of 1.47. Intrepid Potash has a 12-month low of $3.12 and a 12-month high of $5.31.

Intrepid Potash Company Profile

Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through two segments, Potash and Trio. 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.

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