Innophos Holdings Inc. Announces Quarterly Dividend of $0.40 (IPHS)
Innophos Holdings (NASDAQ:IPHS) announced a quarterly dividend on Friday, May 9th, AnalystRatings.Net reports. Investors of record on Tuesday, May 20th will be paid a dividend of 0.40 per share on Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 2.97%.
Several analysts have recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Innophos Holdings from $61.00 to $70.00 in a research note on Friday, March 21st. They now have an “outperform” rating on the stock. Analysts at Sidoti upgraded shares of Innophos Holdings from a “neutral” rating to a “buy” rating in a research note on Thursday, February 13th.
Shares of Innophos Holdings (NASDAQ:IPHS) traded up 0.07% during mid-day trading on Friday, hitting $54.00. 62,620 shares of the company’s stock traded hands. Innophos Holdings has a 52-week low of $44.27 and a 52-week high of $58.40. The stock has a 50-day moving average of $54.36 and a 200-day moving average of $50.95. The company has a market cap of $1.185 billion and a P/E ratio of 23.46.
Innophos Holdings (NASDAQ:IPHS) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.01. The company had revenue of $216.30 million for the quarter, compared to the consensus estimate of $213.60 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Innophos Holdings will post $3.38 earnings per share for the current fiscal year.
In other Innophos Holdings news, VP Mark Thurston sold 1,966 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $57.27, for a total transaction of $112,592.82. Following the sale, the vice president now directly owns 8,355 shares of the company’s stock, valued at approximately $478,491. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Innophos Holdings, Inc (NASDAQ:IPHS), is a producer of mineral-based specialty ingredients with applications in food, beverage, pharmaceutical, oral care and industrial end markets.
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