Innospec (NASDAQ:IOSP) posted its quarterly earnings data on Tuesday, May 7th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07, Briefing.com reports. The company had revenue of $388.30 million for the quarter. Innospec had a net margin of 6.08% and a return on equity of 14.92%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS.
Innospec stock opened at $81.87 on Friday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 16.95 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.45. Innospec has a 12 month low of $53.07 and a 12 month high of $88.84.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were issued a $0.50 dividend. This represents a yield of 1.18%. The ex-dividend date of this dividend was Monday, May 20th. Innospec’s dividend payout ratio is presently 20.70%.
In other news, VP Philip John Boon sold 1,528 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.39, for a total transaction of $127,419.92. Following the completion of the transaction, the vice president now owns 38,383 shares of the company’s stock, valued at $3,200,758.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick Williams sold 7,030 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $84.16, for a total transaction of $591,644.80. Following the transaction, the chief executive officer now directly owns 186,579 shares of the company’s stock, valued at approximately $15,702,488.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,083 shares of company stock valued at $1,261,814. 1.62% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: “Innospec (NASDAQ:IOSP) Announces Quarterly Earnings Results” was first published by Rockland Register and is owned by of Rockland Register. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://rocklandregister.com/2019/05/31/innospec-iosp-posts-earnings-results-beats-expectations-by-0-07-eps.html.
Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives. The Fuel Specialties segment offers a range of specialty chemical products used as additives in various fuels.
Featured Story: What are the benefits of buying treasury bonds?
Receive News & Ratings for Innospec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innospec and related companies with MarketBeat.com's FREE daily email newsletter.