Ingredion (NYSE:INGR) Announces Quarterly Earnings Results, Misses Expectations By $0.31 EPS

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

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 Stock Down 6.1%

Ingredion stock opened at $91.46 on Friday. The stock has a market cap of $5.77 billion, a PE ratio of 9.48, a P/E/G ratio of 0.85 and a beta of 0.63. Ingredion has a 1-year low of $90.18 and a 1-year high of $123.49. The stock’s fifty day moving average is $97.65 and its two-hundred day moving average is $105.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92.

Ingredion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Thursday, October 1st were given a $0.83 dividend. The ex-dividend date of this dividend was Thursday, October 1st. 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%. Ingredion’s dividend payout ratio is currently 36.21%.

Wall Street Analysts Forecast Growth

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

Ingredion Company Profile

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.