Ingredion (NYSE:INGR) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Ingredion (NYSE:INGR) announced its quarterly earnings data on Tuesday. The company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11, FiscalAI reports. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business earned $2.87 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Ingredion updated its FY 2026 guidance to 10.300-10.900 EPS.

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

• Second-quarter results were mixed: net sales rose 1% to $1.85 billion, while adjusted operating income fell 5% to $258 million and adjusted EPS declined $0.05 year over year.
• Texture & Healthful Solutions remained the growth engine, with volume up 7% for the ninth consecutive quarter and operating income reaching its second-highest level ever, supported by clean-label, protein, fiber, and health-and-wellness demand.
• Argo’s operational recovery progressed: the facility returned to normal production rates by the end of June, and management expects margins to improve toward historical levels by year-end, although some costs will continue flowing through inventory in the third quarter.
• The Tate & Lyle acquisition cleared shareholder approval, advancing the regulatory process; Ingredion continues to cite $130 million in expected run-rate synergies by 2030, more than 15% adjusted EPS accretion in the first full year, and a path to below 2.5x net leverage within 18 months of closing.
• Input-cost and regional pressures remain: tapioca prices are up more than 40% since the start of the year, while Mexico’s macroeconomic and currency headwinds persist; full-year adjusted operating income is now expected to decline mid-single digits, with U.S./Canada operating income down 20%–25%.

Ingredion Price Performance

INGR stock traded up $0.78 during trading on Wednesday, hitting $105.41. 54,679 shares of the stock traded hands, compared to its average volume of 746,453. The company has a current ratio of 2.76, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.84 and a beta of 0.62. Ingredion has a one year low of $94.44 and a one year high of $130.48. The company has a 50 day simple moving average of $99.95 and a 200 day simple moving average of $108.31.

Ingredion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Wednesday, July 1st were given a dividend of $0.82 per share. The ex-dividend date was Wednesday, July 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.1%. Ingredion’s dividend payout ratio (DPR) is 31.60%.

Analyst Upgrades and Downgrades

INGR has been the subject of a number of research reports. Benchmark reiterated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Weiss Ratings cut Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. UBS Group reissued a “neutral” rating and issued a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Barclays decreased their target price on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $122.14.

Key Headlines Impacting Ingredion

Here are the key news stories impacting Ingredion this week:

• Positive Sentiment: Second-quarter results exceeded expectations: Adjusted EPS was $2.82, above the $2.71–$2.73 consensus range, while sales of $1.85 billion also topped estimates of approximately $1.83 billion. Revenue rose about 1% year over year. Ingredion Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Specialty businesses continued to grow: Texture & Healthful Solutions sales increased 5% to $627 million, supporting the investment case for Ingredion’s higher-value ingredient portfolio and demand for better-for-you food products. The company also showcased an AI tool focused on food texture innovation. Ingredion Better-for-You Foods and Texture
• Positive Sentiment: Tate & Lyle transaction advanced: Shareholders accepted Ingredion’s 595-pence-per-share all-cash offer. Management expects the combination to generate approximately $130 million in run-rate synergies by 2030, potentially improving long-term growth and margins. Ingredion Tate and Lyle Deal Update
• Neutral Sentiment: Full-year guidance was reaffirmed: Ingredion maintained its amended 2026 adjusted EPS outlook of $10.30–$10.90, close to the $10.83 analyst consensus. This reduces the risk of a new guidance cut, but does not indicate a stronger outlook. Ingredion Reports Second Quarter 2026 Results
• Negative Sentiment: Profitability remained under pressure: Reported EPS fell to $1.78 from $2.99, reported operating income declined 31% and adjusted operating income decreased 5%. Food & Industrial Ingredients sales in the U.S. and Canada fell 7% to $488 million. Ingredion Earnings Call Growth Pockets Amid Profit Strain
• Negative Sentiment: Supply-chain and margin risks persist: Recent coverage highlighted supply disruptions and continued margin pressure, creating execution risk as Ingredion integrates Tate & Lyle and works to offset weaker conventional-ingredient demand. Supply Chain Issues Impact Ingredion

Institutional Investors Weigh In On Ingredion

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in shares of Ingredion during the fourth quarter worth $230,000. Scientech Research LLC acquired a new stake in shares of Ingredion in the third quarter valued at $225,000. Smartleaf Asset Management LLC raised its holdings in shares of Ingredion by 156.5% in the second quarter. Smartleaf Asset Management LLC now owns 1,493 shares of the company’s stock valued at $203,000 after buying an additional 911 shares during the last quarter. GeoWealth Management LLC lifted its position in Ingredion by 143.3% during the 3rd quarter. GeoWealth Management LLC now owns 1,647 shares of the company’s stock worth $201,000 after buying an additional 970 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in Ingredion during the 3rd quarter worth about $151,000. 85.27% of the stock is currently owned by institutional investors.

About Ingredion

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.