Wall Street analysts forecast that Innophos Holdings, Inc. (NASDAQ:IPHS) will post earnings of $0.76 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Innophos Holdings’ earnings. Innophos Holdings reported earnings of $0.75 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The company is scheduled to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that Innophos Holdings will report full-year earnings of $2.50 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $2.65 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Innophos Holdings.
Innophos Holdings (NASDAQ:IPHS) last issued its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Innophos Holdings had a return on equity of 13.79% and a net margin of 6.46%. The business had revenue of $179.14 million during the quarter, compared to analyst estimates of $172.65 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year.
IPHS has been the subject of a number of research reports. Sidoti raised shares of Innophos Holdings from a “neutral” rating to a “buy” rating in a report on Friday, May 26th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Innophos Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub lowered shares of Innophos Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
Several institutional investors have recently modified their holdings of IPHS. Public Employees Retirement System of Ohio increased its holdings in shares of Innophos Holdings by 5.9% in the second quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock valued at $124,000 after purchasing an additional 157 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Innophos Holdings in the first quarter valued at approximately $200,000. Barings LLC acquired a new stake in shares of Innophos Holdings in the first quarter valued at approximately $200,000. Pacad Investment Ltd. increased its holdings in shares of Innophos Holdings by 19.5% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $215,000 after purchasing an additional 800 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Innophos Holdings by 44.6% in the second quarter. State of Alaska Department of Revenue now owns 5,508 shares of the specialty chemicals company’s stock valued at $240,000 after purchasing an additional 1,698 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.
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Shares of Innophos Holdings (NASDAQ IPHS) traded down 1.58% during trading on Wednesday, reaching $46.64. The company had a trading volume of 85,703 shares. The company has a market cap of $904.63 million, a P/E ratio of 20.37 and a beta of 0.87. Innophos Holdings has a 12-month low of $37.16 and a 12-month high of $58.22. The firm has a 50-day moving average of $45.74 and a 200-day moving average of $46.06.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, August 18th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Wednesday, August 16th. Innophos Holdings’s dividend payout ratio is currently 84.21%.
About Innophos Holdings
Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.
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