Seaport Res Ptn Has Pessimistic View of Innospec Q4 Earnings

Innospec Inc. (NASDAQ:IOSP) – Equities research analysts at Seaport Res Ptn dropped their Q4 2024 EPS estimates for shares of Innospec in a report issued on Wednesday, November 6th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $1.38 for the quarter, down from their prior forecast of $1.41. The consensus estimate for Innospec’s current full-year earnings is $5.92 per share. Seaport Res Ptn also issued estimates for Innospec’s FY2025 earnings at $5.98 EPS and FY2026 earnings at $7.01 EPS.

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

Innospec Stock Up 1.4 %

IOSP opened at $121.65 on Friday. Innospec has a 12-month low of $100.50 and a 12-month high of $133.71. The business has a 50 day moving average of $111.61 and a 200-day moving average of $118.80. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 21.23 and a beta of 1.08.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Innospec in the first quarter valued at about $66,000. CWM LLC boosted its holdings in Innospec by 239.6% in the 2nd quarter. CWM LLC now owns 635 shares of the specialty chemicals company’s stock valued at $78,000 after purchasing an additional 448 shares during the period. Blue Trust Inc. grew its position in shares of Innospec by 503.9% during the 3rd quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company’s stock worth $96,000 after purchasing an additional 650 shares in the last quarter. nVerses Capital LLC grew its position in shares of Innospec by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company’s stock worth $102,000 after purchasing an additional 600 shares in the last quarter. Finally, Motco bought a new position in shares of Innospec during the first quarter worth approximately $132,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Innospec news, CFO Ian Cleminson sold 6,602 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $113.60, for a total value of $749,987.20. Following the transaction, the chief financial officer now directly owns 16,394 shares of the company’s stock, valued at $1,862,358.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is currently owned by insiders.

Innospec Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be issued a dividend of $0.79 per share. This is an increase from Innospec’s previous Semi-Annual dividend of $0.72. The ex-dividend date is Monday, November 18th. This represents a dividend yield of 1.3%. Innospec’s payout ratio is presently 26.53%.

About Innospec

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.