Innospec (IOSP) Set to Announce Quarterly Earnings on Tuesday

Innospec (NASDAQ:IOSP) will announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Innospec (NASDAQ:IOSP) last released its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.02. The firm had revenue of $435.00 million during the quarter, compared to analyst estimates of $468.73 million. Innospec had a return on equity of 14.15% and a net margin of 7.90%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. On average, analysts expect Innospec to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Innospec Stock Up 0.8 %

NASDAQ IOSP opened at $110.02 on Tuesday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 18.43 and a beta of 1.07. The business has a 50-day moving average price of $111.50 and a 200-day moving average price of $119.40. Innospec has a twelve month low of $96.89 and a twelve month high of $133.71.

Insider Activity at Innospec

In related news, CFO Ian Cleminson sold 6,602 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $113.60, for a total transaction of $749,987.20. Following the completion of the transaction, the chief financial officer now directly owns 16,394 shares of the company’s stock, valued at approximately $1,862,358.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered Innospec from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

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.