Innospec (NASDAQ:IOSP – Get Free Report) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.05, Zacks reports. Innospec had a return on equity of 12.29% and a net margin of 1.93%. The firm had revenue of $466.80 million for the quarter, compared to analysts’ expectations of $447.43 million.
Innospec Stock Down 6.5 %
Shares of IOSP opened at $102.76 on Thursday. Innospec has a 12-month low of $99.49 and a 12-month high of $133.71. The firm has a market capitalization of $2.56 billion, a PE ratio of 72.37 and a beta of 1.09. The stock’s fifty day simple moving average is $111.37 and its 200-day simple moving average is $112.58.
Analysts Set New Price Targets
Separately, StockNews.com lowered Innospec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 11th.
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.
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