Innophos (IPHS) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Innophos (NASDAQ:IPHS) announced its earnings results on Wednesday. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03), Bloomberg Earnings reports. Innophos had a net margin of 6.19% and a return on equity of 13.90%. The firm had revenue of $193.10 million during the quarter, compared to analyst estimates of $194.25 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year.

Innophos (NASDAQ IPHS) traded down $0.58 during midday trading on Wednesday, hitting $42.67. 141,000 shares of the stock were exchanged, compared to its average volume of 118,361. Innophos has a one year low of $40.45 and a one year high of $58.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.49 and a current ratio of 2.86. The firm has a market cap of $844.63, a P/E ratio of 19.66 and a beta of 0.76.

IPHS has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Innophos from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. KeyCorp reaffirmed a “hold” rating on shares of Innophos in a research note on Wednesday, November 1st. Finally, BidaskClub raised shares of Innophos from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Innophos by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,962 shares of the specialty chemicals company’s stock valued at $656,000 after acquiring an additional 130 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Innophos by 5.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock valued at $124,000 after acquiring an additional 157 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Innophos by 8.2% during the 2nd quarter. Voya Investment Management LLC now owns 10,214 shares of the specialty chemicals company’s stock valued at $448,000 after acquiring an additional 776 shares during the last quarter. Stevens Capital Management LP increased its stake in shares of Innophos by 18.0% during the 3rd quarter. Stevens Capital Management LP now owns 7,006 shares of the specialty chemicals company’s stock valued at $345,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Innophos by 13.6% during the 3rd quarter. Victory Capital Management Inc. now owns 12,166 shares of the specialty chemicals company’s stock valued at $598,000 after acquiring an additional 1,455 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.thelincolnianonline.com/2018/02/21/innophos-iphs-issues-quarterly-earnings-results-misses-estimates-by-0-03-eps.html.

Innophos Company Profile

Innophos Holdings, Inc is an international producer of specialty ingredient solutions that deliver for the food, health, nutrition and industrial markets. The Company’s segments include Food, Health and Nutrition, Industrial Specialties and Other. It offers a range of product categories, such as asphalt, catalyst, fertilizer salts, liquid phosphate, phosphate salt, phosphoric acid, polyphosphoric acid, sodium bicarbonate, and food blends.

Earnings History for Innophos (NASDAQ:IPHS)

Receive News & Ratings for Innophos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innophos and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply