Innospec Inc. (IOSP) Set to Announce Quarterly Earnings on Monday
Innospec Inc. (NASDAQ:IOSP) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 30th.
Innospec (NASDAQ:IOSP) last released its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The business had revenue of $326.30 million for the quarter. Innospec had a net margin of 7.22% and a return on equity of 14.77%. On average, analysts expect Innospec to post $4.28 EPS for the current fiscal year and $4.35 EPS for the next fiscal year.
Shares of Innospec Inc. (NASDAQ:IOSP) opened at 63.05 on Monday. The stock has a 50 day moving average of $59.76 and a 200 day moving average of $62.13. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 20.07 and a beta of 1.18. Innospec Inc. has a 52-week low of $54.10 and a 52-week high of $74.75.
Several research firms recently weighed in on IOSP. Zacks Investment Research cut shares of Innospec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine cut shares of Innospec from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Monness Crespi & Hardt raised shares of Innospec from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, August 22nd. Finally, BidaskClub cut shares of Innospec from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.
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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