Innophos Holdings, Inc. (NASDAQ:IPHS) – Equities research analysts at KeyCorp lifted their FY2018 earnings per share estimates for shares of Innophos Holdings in a report issued on Wednesday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings of $2.75 per share for the year, up from their previous estimate of $2.65. KeyCorp currently has a “Hold” rating on the stock.

Innophos Holdings (NASDAQ:IPHS) last announced its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. The business had revenue of $184.00 million during the quarter, compared to the consensus estimate of $179.33 million. Innophos Holdings had a net margin of 6.19% and a return on equity of 13.90%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS.

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Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Innophos Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Innophos Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $55.00.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Friday, November 17th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.92%. The ex-dividend date is Thursday, November 16th. Innophos Holdings’s dividend payout ratio (DPR) is 88.48%.

A number of hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in Innophos Holdings by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,141 shares of the specialty chemicals company’s stock worth $401,000 after purchasing an additional 24 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Innophos Holdings by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,962 shares of the specialty chemicals company’s stock worth $656,000 after purchasing an additional 130 shares during the last quarter. Texas Permanent School Fund increased its position in Innophos Holdings by 0.9% during the second quarter. Texas Permanent School Fund now owns 14,220 shares of the specialty chemicals company’s stock worth $623,000 after purchasing an additional 131 shares during the last quarter. Wellington Management Group LLP increased its position in Innophos Holdings by 0.7% during the first quarter. Wellington Management Group LLP now owns 19,846 shares of the specialty chemicals company’s stock worth $1,071,000 after purchasing an additional 134 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Innophos Holdings by 5.9% during the second quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock worth $124,000 after purchasing an additional 157 shares during the last quarter. 94.43% of the stock is owned by hedge funds and other institutional investors.

About Innophos Holdings

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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