Innospec (IOSP) Announces Quarterly Earnings Results
Innospec (NASDAQ:IOSP) announced its earnings results on Tuesday. The specialty chemicals company reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.34, Bloomberg Earnings reports. Innospec had a net margin of 7.45% and a return on equity of 15.05%. The business had revenue of $353.80 million for the quarter.
Shares of Innospec (NASDAQ:IOSP) traded up $0.55 on Wednesday, hitting $67.05. 68,800 shares of the stock traded hands, compared to its average volume of 85,752. Innospec has a 1-year low of $54.10 and a 1-year high of $74.75. The stock has a market capitalization of $1,605.15, a P/E ratio of 18.57 and a beta of 1.07. The company has a current ratio of 2.24, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30.
Several equities research analysts have recently weighed in on IOSP shares. Zacks Investment Research downgraded shares of Innospec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine raised shares of Innospec from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. KeyCorp reissued an “overweight” rating on shares of Innospec in a research note on Thursday, November 9th. Monness Crespi & Hardt downgraded shares of Innospec from a “buy” rating to a “neutral” rating in a research note on Thursday, November 9th. Finally, Johnson Rice raised shares of Innospec from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Innospec currently has a consensus rating of “Hold” and an average price target of $70.50.
ILLEGAL ACTIVITY WARNING: “Innospec (IOSP) Announces Quarterly Earnings Results” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2018/02/13/innospec-iosp-releases-earnings-results-beats-estimates-by-0-30-eps.html.
Innospec Company Profile
Innospec Inc is a specialty chemicals company engaged in developing, manufacturing, blending, marketing and supplying of specialty chemicals for use as fuel additives and ingredients for personal care, home care, agrochemical, mining and other applications and oilfield chemicals. The Company operates through four business segments: Fuel Specialties, Performance Chemicals, Oilfield Services and Octane Additives.
Receive News & Ratings for Innospec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innospec and related companies with MarketBeat.com's FREE daily email newsletter.