Innophos (NASDAQ:IPHS) released its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.10), Briefing.com reports. The business had revenue of $189.00 million for the quarter, compared to the consensus estimate of $185.55 million. Innophos had a net margin of 3.79% and a return on equity of 12.35%. Innophos’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS.
Shares of IPHS traded up $0.01 during trading hours on Friday, hitting $32.14. 97,200 shares of the stock were exchanged, compared to its average volume of 116,755. The firm has a market capitalization of $640.95 million, a P/E ratio of 14.10 and a beta of 1.44. The business has a 50-day moving average of $32.56 and a 200-day moving average of $29.64. Innophos has a fifty-two week low of $22.57 and a fifty-two week high of $37.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.85 and a quick ratio of 1.41.
Several equities analysts have recently issued reports on IPHS shares. Zacks Investment Research downgraded shares of Innophos from a “hold” rating to a “sell” rating in a research note on Saturday. BidaskClub downgraded shares of Innophos from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, ValuEngine downgraded shares of Innophos from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.00.
Innophos Holdings, Inc, together with its subsidiaries, produces specialty ingredients with applications in food, health, nutrition, and industrial markets. It operates through three segments: Food, Health and Nutrition; Industrial Specialties; and Other. The company's specialty ingredients include specialty phosphate salts and specialty phosphoric acids, as well as other mineral, enzyme, and botanical based specialty ingredients that are used as flavor enhancers in beverages; electrolytes in sports drinks; texture modifiers in cheeses; leavening agents in baked goods; calcium and phosphorus fortification in food and beverages; moisture and color retention in seafood, poultry, and meat; excipients in vitamins, minerals, nutritional supplements, and pharmaceuticals; and abrasives in toothpaste.
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