Innospec (IOSP) Scheduled to Post Quarterly Earnings on Tuesday

Innospec (NASDAQ:IOSP) is set to 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 interested in participating in the company’s conference call can do so using this link.

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

Innospec Trading Up 0.6 %

IOSP stock opened at $108.39 on Monday. The firm has a 50 day moving average of $111.27 and a 200-day moving average of $118.96. The firm has a market capitalization of $2.70 billion, a P/E ratio of 18.16 and a beta of 1.08. Innospec has a 12 month low of $97.54 and a 12 month high of $133.71.

Insider Transactions at Innospec

In other news, CFO Ian Cleminson sold 6,602 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 16,394 shares of the company’s stock, valued at approximately $1,862,358.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

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.