Intrepid Potash (IPI) to Announce Earnings on Wednesday

Intrepid Potash (NYSE:IPI) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Intrepid Potash to post earnings of $0.04 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Intrepid Potash (NYSE:IPI) last issued its earnings results on Wednesday, March 6th. The basic materials company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.20). The business had revenue of $49.04 million for the quarter, compared to the consensus estimate of $41.63 million. Intrepid Potash had a negative net margin of 12.78% and a negative return on equity of 0.43%. On average, analysts expect Intrepid Potash to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Intrepid Potash Trading Up 1.3 %

NYSE IPI opened at $20.78 on Monday. Intrepid Potash has a 12 month low of $17.23 and a 12 month high of $28.30. The stock has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $20.38.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Intrepid Potash to a “sell” rating in a research note on Wednesday, January 24th.

Insider Activity

In other Intrepid Potash news, CEO Robert P. Jornayvaz III sold 63,372 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $20.43, for a total transaction of $1,294,689.96. Following the completion of the sale, the chief executive officer now owns 1,542,551 shares of the company’s stock, valued at approximately $31,514,316.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert P. Jornayvaz III sold 63,372 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $20.43, for a total value of $1,294,689.96. Following the completion of the sale, the chief executive officer now directly owns 1,542,551 shares in the company, valued at $31,514,316.93. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert P. Jornayvaz III sold 5,384 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $19.35, for a total value of $104,180.40. Following the sale, the chief executive officer now directly owns 1,518,920 shares in the company, valued at $29,391,102. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,034 shares of company stock valued at $1,939,525. 18.00% of the stock is owned by company insiders.

Intrepid Potash Company Profile

Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.