Analysts Expect Intrepid Potash, Inc. (IPI) to Announce $0.03 EPS

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Equities analysts expect Intrepid Potash, Inc. (NYSE:IPI) to post earnings of $0.03 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Intrepid Potash’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.01. 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 firm is scheduled to issue its next quarterly earnings report on Tuesday, February 26th.

On average, 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 year, analysts expect that the company will post earnings of $0.18 per share, with EPS estimates ranging from $0.15 to $0.24. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Intrepid Potash.

A number of research analysts have recently commented on IPI shares. Zacks Investment Research raised Intrepid Potash from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Stephens set a $7.00 target price on Intrepid Potash and gave the company a “buy” rating in a research note on Tuesday, October 30th. TheStreet raised Intrepid Potash from a “d+” rating to a “c-” rating in a research note on Monday, November 12th. Finally, BMO Capital Markets upped their target price on Intrepid Potash from $3.25 to $4.00 and gave the company a “market perform” rating in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.56.

In other Intrepid Potash news, major shareholder Clearway Capital Management Lt bought 203,470 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were purchased at an average price of $3.18 per share, with a total value of $647,034.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Intrepid Potash by 6.2% in the fourth quarter. BlackRock Inc. now owns 7,890,148 shares of the basic materials company’s stock worth $20,514,000 after purchasing an additional 460,427 shares in the last quarter. Acadian Asset Management LLC grew its stake in Intrepid Potash by 18.7% in the fourth quarter. Acadian Asset Management LLC now owns 370,986 shares of the basic materials company’s stock worth $964,000 after purchasing an additional 58,566 shares in the last quarter. WINTON GROUP Ltd bought a new position in Intrepid Potash in the fourth quarter worth approximately $80,000. ETF Managers Group LLC grew its stake in Intrepid Potash by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 35,827 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 4,884 shares in the last quarter. Finally, Algert Global LLC bought a new position in Intrepid Potash in the fourth quarter worth approximately $313,000. 43.51% of the stock is currently owned by institutional investors.

IPI opened at $3.12 on Monday. The company has a market cap of $409.05 million, a PE ratio of -17.33 and a beta of 1.07. Intrepid Potash has a one year low of $2.51 and a one year high of $5.31. The company has a current ratio of 3.23, a quick ratio of 1.47 and a debt-to-equity ratio of 0.12.

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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