Innospec Inc. (NASDAQ:IOSP) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS
Innospec Inc. (NASDAQ:IOSP) issued its quarterly earnings data on Tuesday. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08, Bloomberg Earnings reports. Innospec had a net margin of 8.24% and a return on equity of 14.63%.
Innospec (NASDAQ IOSP) traded up 1.28% during midday trading on Tuesday, reaching $63.40. 92,336 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.45 and a beta of 1.15. The firm’s 50 day moving average is $64.23 and its 200 day moving average is $65.13. Innospec has a 52 week low of $54.45 and a 52 week high of $74.75.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Innospec from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, May 16th. ValuEngine cut shares of Innospec from a “buy” rating to a “hold” rating in a research note on Monday. Finally, BidaskClub cut shares of Innospec from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th.
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.
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