Equities analysts forecast that Intrepid Potash, Inc. (NYSE:IPI) will post ($0.02) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Intrepid Potash’s earnings. The lowest EPS estimate is ($0.02) and the highest is ($0.01). Intrepid Potash reported earnings per share of ($0.19) during the same quarter last year, which would indicate a positive year over year growth rate of 89.5%. The company is scheduled to announce its next earnings report on Tuesday, February 27th.

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

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Monday, October 30th. The basic materials company reported ($0.02) earnings per share (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 company had revenue of $32.06 million during the quarter, compared to analyst estimates of $33.15 million. During the same quarter last year, the business posted ($0.22) EPS. Intrepid Potash’s quarterly revenue was down 26.5% compared to the same quarter last year.

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

Shares of Intrepid Potash (IPI) traded up $0.04 during mid-day trading on Tuesday, hitting $3.74. 855,000 shares of the stock traded hands, compared to its average volume of 1,577,265. The company has a quick ratio of 1.17, a current ratio of 4.71 and a debt-to-equity ratio of 0.15. Intrepid Potash has a 12 month low of $1.24 and a 12 month high of $4.63.

In related news, EVP James N. Whyte sold 86,796 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $3.84, for a total value of $333,296.64. Following the completion of the transaction, the executive vice president now directly owns 360,903 shares of the company’s stock, valued at approximately $1,385,867.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Intrepid Potash by 30.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,255,979 shares of the basic materials company’s stock worth $9,619,000 after buying an additional 994,554 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Intrepid Potash by 82.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,181,060 shares of the basic materials company’s stock worth $13,870,000 after buying an additional 1,435,178 shares during the period. State Street Corp boosted its holdings in Intrepid Potash by 3,191.0% in the 2nd quarter. State Street Corp now owns 1,144,560 shares of the basic materials company’s stock worth $2,590,000 after buying an additional 1,109,782 shares during the period. Northern Trust Corp boosted its holdings in Intrepid Potash by 540.0% in the 2nd quarter. Northern Trust Corp now owns 1,091,221 shares of the basic materials company’s stock worth $2,466,000 after buying an additional 920,720 shares during the period. Finally, Old West Investment Management LLC boosted its holdings in Intrepid Potash by 18.5% in the 3rd quarter. Old West Investment Management LLC now owns 1,012,459 shares of the basic materials company’s stock worth $4,414,000 after buying an additional 158,256 shares during the period. 47.99% of the stock is owned by institutional investors.

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Intrepid Potash Company Profile

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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