Innospec (NASDAQ:IOSP) Announces Earnings Results

Innospec (NASDAQ:IOSP) issued its quarterly earnings results on Tuesday. The specialty chemicals company reported $1.35 EPS for the quarter, meeting analysts’ consensus estimates of $1.35, Briefing.com reports. The business had revenue of $443.40 million for the quarter, compared to analysts’ expectations of $442.13 million. Innospec had a net margin of 7.90% and a return on equity of 14.15%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 earnings per share.

Innospec Price Performance

Shares of IOSP stock traded up $14.13 on Wednesday, reaching $125.26. 129,375 shares of the company were exchanged, compared to its average volume of 106,175. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 20.79 and a beta of 1.08. The company has a 50-day moving average of $111.12 and a 200-day moving average of $118.78. Innospec has a one year low of $98.55 and a one year high of $133.71.

Analyst Ratings Changes

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

Insider Transactions at Innospec

In other news, CFO Ian Cleminson sold 3,398 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $114.74, for a total transaction of $389,886.52. Following the transaction, the chief financial officer now owns 12,996 shares of the company’s stock, valued at $1,491,161.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.35% of the company’s stock.

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.