Ingevity (NYSE:NGVT) Updates FY 2026 Earnings Guidance

by · The Cerbat Gem

Ingevity (NYSE:NGVTGet Free Report) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 5.000-5.450 for the period, compared to the consensus earnings per share estimate of 4.950. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion.

Ingevity Trading Down 4.6%

Shares of NGVT traded down $3.41 during midday trading on Wednesday, reaching $71.08. The company had a trading volume of 387,158 shares, compared to its average volume of 202,450. Ingevity has a 1-year low of $39.74 and a 1-year high of $79.29. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 27.83. The firm has a 50 day simple moving average of $71.53 and a 200-day simple moving average of $70.91. The stock has a market cap of $2.47 billion, a PE ratio of -20.02 and a beta of 1.16.

Ingevity (NYSE:NGVTGet Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.41. Ingevity had a negative net margin of 10.55% and a positive return on equity of 207.82%. The firm had revenue of $314.10 million for the quarter, compared to analysts’ expectations of $312.20 million. Ingevity has set its FY 2026 guidance at 5.000-5.450 EPS. Research analysts forecast that Ingevity will post 5.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on NGVT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ingevity in a report on Friday, July 17th. Wall Street Zen upgraded shares of Ingevity from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $80.00.

Check Out Our Latest Analysis on NGVT

Insider Activity at Ingevity

In other news, SVP Terrance M. Dyer sold 496 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $68.49, for a total transaction of $33,971.04. Following the completion of the transaction, the senior vice president directly owned 7,202 shares in the company, valued at approximately $493,264.98. This represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Evolve Private Wealth LLC purchased a new stake in shares of Ingevity in the 4th quarter valued at approximately $319,000. Quantbot Technologies LP purchased a new position in shares of Ingevity during the 2nd quarter worth approximately $270,000. CIBC Bancorp USA Inc. purchased a new position in shares of Ingevity during the 3rd quarter worth approximately $215,000. Empowered Funds LLC increased its holdings in Ingevity by 12.9% in the 1st quarter. Empowered Funds LLC now owns 5,181 shares of the company’s stock valued at $205,000 after purchasing an additional 594 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Ingevity in the fourth quarter valued at approximately $178,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

About Ingevity

(Get Free Report)

Ingevity Corporation, traded as NGVT, is a specialty chemicals and performance materials company headquartered in North Charleston, South Carolina. The company operates two primary business units: Performance Chemicals and Performance Materials. The Performance Chemicals segment produces and markets specialty chemicals derived largely from wood and other natural feedstocks, including rosin acids, tall oil fatty acids and esters, as well as specialty petroleum resins. These products serve a broad range of industries, including paper, adhesives, coatings, oilfield drilling and consumer goods.

The Performance Materials segment develops and manufactures activated carbon products and composites for applications such as automotive emissions control, industrial air and water purification, and spill containment.

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