Q4 Earnings Forecast for Innospec Issued By Seaport Res Ptn

Innospec Inc. (NASDAQ:IOSP) – Analysts at Seaport Res Ptn lowered their Q4 2024 earnings estimates for Innospec in a research note issued on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $1.36 per share for the quarter, down from their previous forecast of $1.38. The consensus estimate for Innospec’s current full-year earnings is $5.88 per share. Seaport Res Ptn also issued estimates for Innospec’s Q1 2025 earnings at $1.35 EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $5.87 EPS and FY2026 earnings at $6.96 EPS.

Separately, StockNews.com lowered shares of Innospec from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 11th.

Innospec Stock Up 0.2 %

Shares of IOSP opened at $115.45 on Thursday. The stock has a market capitalization of $2.88 billion, a P/E ratio of 20.15 and a beta of 1.09. Innospec has a twelve month low of $103.65 and a twelve month high of $133.71. The firm has a fifty day simple moving average of $113.86 and a two-hundred day simple moving average of $114.67.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.35. Innospec had a net margin of 7.68% and a return on equity of 13.33%. The firm had revenue of $443.40 million during the quarter, compared to analyst estimates of $442.13 million. During the same period in the previous year, the business posted $1.59 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis.

Hedge Funds Weigh In On Innospec

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. purchased a new stake in Innospec during the 4th quarter valued at approximately $53,457,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Innospec by 4.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,405,770 shares of the specialty chemicals company’s stock valued at $272,069,000 after acquiring an additional 105,311 shares during the last quarter. Royce & Associates LP increased its stake in Innospec by 9.3% during the third quarter. Royce & Associates LP now owns 835,333 shares of the specialty chemicals company’s stock worth $94,468,000 after acquiring an additional 70,902 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Innospec by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 266,688 shares of the specialty chemicals company’s stock worth $30,160,000 after purchasing an additional 52,640 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Innospec in the third quarter valued at $5,486,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insider Transactions at Innospec

In related news, Director Milton C. Blackmore sold 1,035 shares of Innospec stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $122.92, for a total value of $127,222.20. Following the completion of the sale, the director now owns 9,028 shares of the company’s stock, valued at $1,109,721.76. The trade was a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.52% of the company’s stock.

Innospec Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were given a $0.79 dividend. This represents a dividend yield of 1.3%. The ex-dividend date was Monday, November 18th. This is a positive change from Innospec’s previous Semi-Annual dividend of $0.72. Innospec’s payout ratio is currently 27.57%.

Innospec Company Profile

Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in additives in diesel, jet, marine, fuel oil and other fuels.