Innophos (NASDAQ:IPHS) posted its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04), Bloomberg Earnings reports. Innophos had a return on equity of 13.90% and a net margin of 6.19%. The business had revenue of $193.10 million for the quarter, compared to analyst estimates of $194.25 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis.
Shares of Innophos (NASDAQ IPHS) traded up $0.99 during trading hours on Thursday, hitting $43.66. 219,700 shares of the stock traded hands, compared to its average volume of 119,939. Innophos has a 52 week low of $40.45 and a 52 week high of $55.65. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.86 and a quick ratio of 1.49. The firm has a market cap of $833.30, a P/E ratio of 20.12 and a beta of 0.76.
IPHS has been the topic of a number of recent research reports. BidaskClub upgraded shares of Innophos from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Innophos from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Friday, December 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Innophos in a research note on Wednesday, November 1st.
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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.
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