-$0.01 Earnings Per Share Expected for Intrepid Potash, Inc. (IPI) This Quarter

Wall Street brokerages expect that Intrepid Potash, Inc. (NYSE:IPI) will report earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Intrepid Potash’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.00. Intrepid Potash posted earnings of ($0.19) per share during the same quarter last year, which suggests a positive year over year growth rate of 94.7%. The company is expected to report its next earnings report on Tuesday, February 27th.

On average, analysts expect that Intrepid Potash will report full-year earnings of ($0.15) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.14). For the next financial year, analysts anticipate that the company will report earnings of $0.08 per share, with EPS estimates ranging from $0.07 to $0.09. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Intrepid Potash.

Intrepid Potash (NYSE:IPI) last announced its earnings results on Monday, October 30th. The basic materials company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Intrepid Potash had a negative net margin of 22.88% and a negative return on equity of 8.09%. The business had revenue of $32.06 million during the quarter, compared to analysts’ expectations of $33.15 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The firm’s revenue was down 26.5% on a year-over-year basis.

Several research analysts recently commented on the stock. Cowen restated a “sell” rating and set a $3.50 target price on shares of Intrepid Potash in a report on Friday, December 1st. Stephens assumed coverage on shares of Intrepid Potash in a report on Monday, December 4th. They set an “equal weight” rating and a $4.00 target price for the company. Finally, BMO Capital Markets increased their target price on shares of Intrepid Potash from $3.00 to $4.00 and gave the stock a “market perform” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.55.

Shares of Intrepid Potash (NYSE IPI) traded up $0.13 on Monday, reaching $4.16. 1,175,000 shares of the company traded hands, compared to its average volume of 1,339,664. Intrepid Potash has a fifty-two week low of $1.24 and a fifty-two week high of $5.12. The firm has a market capitalization of $538.78, a PE ratio of -9.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.71 and a quick ratio of 1.17.

In other news, insider Robert P. Jornayvaz III purchased 10,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were purchased at an average cost of $3.85 per share, with a total value of $38,500.00. Following the completion of the transaction, the insider now owns 1,206,650 shares of the company’s stock, valued at approximately $4,645,602.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James N. Whyte sold 86,796 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $3.84, for a total transaction of $333,296.64. Following the sale, the executive vice president now directly owns 360,903 shares in the company, valued at $1,385,867.52. The disclosure for this sale can be found here. Insiders have acquired 25,100 shares of company stock worth $93,003 over the last ninety days. Insiders own 27.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning bought a new stake in Intrepid Potash during the fourth quarter worth $101,000. LMR Partners LLP bought a new stake in Intrepid Potash during the third quarter worth $155,000. Saratoga Research & Investment Management bought a new stake in Intrepid Potash during the third quarter worth $157,000. Thompson Davis & CO. Inc. bought a new stake in Intrepid Potash during the third quarter worth $184,000. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Intrepid Potash by 226.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 42,683 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 29,610 shares during the period. 47.88% of the stock is currently owned by hedge funds and other institutional investors.

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About Intrepid Potash

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

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