Innospec (NASDAQ:IOSP) Announces Quarterly Earnings Results

Innospec (NASDAQ:IOSP) posted its quarterly earnings data on Tuesday, May 7th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07, Briefing.com reports. The company had revenue of $388.30 million for the quarter. Innospec had a net margin of 6.08% and a return on equity of 14.92%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS.

Innospec stock opened at $81.87 on Friday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 16.95 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.45. Innospec has a 12 month low of $53.07 and a 12 month high of $88.84.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were issued a $0.50 dividend. This represents a yield of 1.18%. The ex-dividend date of this dividend was Monday, May 20th. Innospec’s dividend payout ratio is presently 20.70%.

A number of analysts recently issued reports on IOSP shares. ValuEngine upgraded shares of Innospec from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of Innospec from a “hold” rating to a “strong-buy” rating and set a $94.00 price target for the company in a research note on Friday, March 1st. Finally, BidaskClub upgraded shares of Innospec from a “hold” rating to a “buy” rating in a research note on Tuesday, February 5th.

In other news, VP Philip John Boon sold 1,528 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.39, for a total transaction of $127,419.92. Following the completion of the transaction, the vice president now owns 38,383 shares of the company’s stock, valued at $3,200,758.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick Williams sold 7,030 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $84.16, for a total transaction of $591,644.80. Following the transaction, the chief executive officer now directly owns 186,579 shares of the company’s stock, valued at approximately $15,702,488.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,083 shares of company stock valued at $1,261,814. 1.62% of the stock is currently owned by corporate insiders.

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About Innospec

Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives. The Fuel Specialties segment offers a range of specialty chemical products used as additives in various fuels.

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Earnings History for Innospec (NASDAQ:IOSP)

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