KeyCorp Comments on Innophos Holdings, Inc.’s FY2018 Earnings (NASDAQ:IPHS)
Innophos Holdings, Inc. (NASDAQ:IPHS) – Equities research analysts at KeyCorp issued their FY2018 earnings per share (EPS) estimates for Innophos Holdings in a research report issued to clients and investors on Friday. KeyCorp analyst M. Sison forecasts that the specialty chemicals company will post earnings per share of $2.65 for the year.
Several other equities research analysts have also issued reports on IPHS. BidaskClub lowered shares of Innophos Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Innophos Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Sidoti raised shares of Innophos Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, May 26th. They noted that the move was a valuation call.
Innophos Holdings (NASDAQ:IPHS) opened at 47.38 on Monday. Innophos Holdings has a 52-week low of $37.02 and a 52-week high of $58.22. The stock has a market capitalization of $918.98 million, a price-to-earnings ratio of 20.69 and a beta of 0.85. The firm has a 50-day moving average price of $43.53 and a 200 day moving average price of $47.20.
Innophos Holdings (NASDAQ:IPHS) last released its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Innophos Holdings had a return on equity of 13.79% and a net margin of 6.46%. The company had revenue of $179.14 million for the quarter, compared to analyst estimates of $172.65 million. During the same period last year, the company posted $0.63 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Friday, August 18th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Wednesday, August 16th. Innophos Holdings’s payout ratio is presently 84.21%.
Several large investors have recently added to or reduced their stakes in IPHS. Barings LLC purchased a new position in Innophos Holdings during the first quarter worth $200,000. Private Advisor Group LLC purchased a new position in Innophos Holdings during the first quarter worth $200,000. State of Alaska Department of Revenue raised its position in Innophos Holdings by 81.4% in the first quarter. State of Alaska Department of Revenue now owns 3,810 shares of the specialty chemicals company’s stock worth $205,000 after buying an additional 1,710 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Innophos Holdings during the first quarter worth $223,000. Finally, Acrospire Investment Management LLC raised its position in Innophos Holdings by 28.8% in the first quarter. Acrospire Investment Management LLC now owns 4,507 shares of the specialty chemicals company’s stock worth $243,000 after buying an additional 1,007 shares in the last quarter. 93.82% of the stock is owned by institutional investors and hedge funds.
Innophos Holdings Company Profile
Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.
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