Ingredients Reports Record First Quarter 2022 Results

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MGP Ingredients (MGPI) PT Raised to $115 at Cowen

May 6, 2022 11:22 AM UTC

Cowen analyst Vivien Azer raised the price target on MGP Ingredients (NASDAQ: MGPI) to $115.00 (from $99.00) while maintaining a Outperform rating following earnings.

The analyst commented, "MGPI delivered a strong start to the year, with a notable beat to both top and bottom line... More

MGP Ingredients (MGPI) Tops Q1 EPS by 74c, Offers Guidance

May 5, 2022 8:13 AM UTC

MGP Ingredients (NASDAQ: MGPI) reported Q1 EPS of $1.69, $0.74 better than the analyst estimate of $0.95. Revenue for the quarter came in at $195.2 million versus the consensus estimate of $173.6 million.

GUIDANCE:

MGP Ingredients sees FY2022 revenue of $690-715 million, versus the... More