Ingredion Reports Solid 1Q Results as Management Slightly Increases Low End of Earnings Guidance
Ingredion reported encouraging first-quarter results, as adjusted earnings rose to $1.88 per share from $1.78 in the same period last year. Accordingly, management raised the low end of its 2017 adjusted earnings forecast to a range of $7.50-$7.80 per share from prior guidance to a range of $7.40-$7.80 per share. Our estimate sits on the low end of the updated range. Having analyzed the company's first-quarter results, our forecasts are largely unchanged. We maintain our $147 per share fair valu...Ingredion provides ingredients solutions. The company turns corn, tapioca, potatoes, grains, fruits, and vegetables into ingredients and biomaterials for the food, beverage, brewing and other industries. The company's product lines include starches and sweeteners, animal feed products and edible corn oil. The company's starch-based products include both food-grade and industrial starches, and biomaterials. The company's sweetener products include glucose syrups, maltose syrups, fructose corn syrup, caramel color, dextrose, polyols, maltodextrins, and glucose and syrup solids. The company's products are derived from the processing of corn and other starch-based materials, such as tapioca, potato, and rice.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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