Innospec Inc. (IOSP) Set to Announce Earnings on Tuesday
Innospec Inc. (NASDAQ:IOSP) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Innospec to post earnings of $0.85 per share for the quarter.
Innospec (NASDAQ:IOSP) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The company had revenue of $326.30 million during 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 $4.15 EPS for the current fiscal year and $4.35 EPS for the next fiscal year.
Innospec Inc. (NASDAQ:IOSP) traded up 1.56% during mid-day trading on Tuesday, reaching $61.90. 24,332 shares of the company were exchanged. The firm has a market capitalization of $1.49 billion, a P/E ratio of 19.71 and a beta of 1.18. The stock has a 50-day moving average of $60.79 and a 200 day moving average of $62.15. Innospec Inc. has a 1-year low of $54.10 and a 1-year high of $74.75.
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A number of brokerages recently issued reports on IOSP. Zacks Investment Research downgraded Innospec from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Monness Crespi & Hardt raised Innospec from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, August 22nd. ValuEngine downgraded Innospec from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, BidaskClub downgraded Innospec from a “sell” rating to a “strong sell” rating in a report 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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