Innophos (IPHS) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Innophos (NASDAQ:IPHS) released its earnings results on Wednesday. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.04), Bloomberg Earnings reports. Innophos had a net margin of 3.11% and a return on equity of 14.02%. The firm had revenue of $193.10 million during the quarter, compared to the consensus estimate of $194.25 million. During the same period in the prior year, the business posted $0.52 earnings per share. Innophos’s quarterly revenue was up 15.1% compared to the same quarter last year.
Innophos (NASDAQ:IPHS) opened at $43.02 on Friday. The company has a current ratio of 2.64, a quick ratio of 1.49 and a debt-to-equity ratio of 0.93. Innophos has a 52-week low of $40.45 and a 52-week high of $55.65. The company has a market cap of $852.64, a price-to-earnings ratio of 38.41 and a beta of 0.76.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 9th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.92 dividend on an annualized basis and a yield of 4.46%. Innophos’s dividend payout ratio (DPR) is 171.43%.
IPHS has been the subject of several analyst reports. Zacks Investment Research cut shares of Innophos from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. KeyCorp reissued a “hold” rating on shares of Innophos in a research note on Wednesday, November 1st. BidaskClub raised shares of Innophos from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Finally, TheStreet cut shares of Innophos from a “b-” rating to a “c” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Innophos currently has a consensus rating of “Hold” and an average target price of $50.00.
Innophos Company Profile
Innophos Holdings, Inc is an international producer of specialty ingredient solutions that deliver for the food, health, nutrition and industrial markets. The Company’s segments include Food, Health and Nutrition, Industrial Specialties and Other. It offers a range of product categories, such as asphalt, catalyst, fertilizer salts, liquid phosphate, phosphate salt, phosphoric acid, polyphosphoric acid, sodium bicarbonate, and food blends.
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