Innophos Holdings, Inc. (NASDAQ:IPHS) posted its quarterly earnings results on Tuesday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05, Morningstar.com reports. Innophos Holdings had a net margin of 6.46% and a return on equity of 13.79%. The company had revenue of $179.14 million for the quarter, compared to analyst estimates of $172.65 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis.
Shares of Innophos Holdings (NASDAQ:IPHS) opened at 44.50 on Friday. The stock has a market capitalization of $863.12 million, a price-to-earnings ratio of 19.43 and a beta of 0.85. The stock’s 50 day moving average is $44.27 and its 200 day moving average is $46.88. Innophos Holdings has a 1-year low of $37.02 and a 1-year high of $58.22.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Wednesday, August 16th. Innophos Holdings’s payout ratio is currently 84.21%.
IPHS has been the topic of several recent analyst reports. BidaskClub lowered shares of Innophos Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Innophos Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Sidoti raised shares of Innophos Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, May 26th. They noted that the move was a valuation call.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position 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 worth $124,000 after buying an additional 157 shares during the period. Private Advisor Group LLC purchased a new position in shares of Innophos Holdings during the first quarter worth about $200,000. Barings LLC purchased a new position in shares of Innophos Holdings during the first quarter worth about $200,000. State of Alaska Department of Revenue raised its position in shares of Innophos Holdings by 81.4% in the first quarter. State of Alaska Department of Revenue now owns 3,810 shares of the specialty chemicals company’s stock worth $205,000 after buying an additional 1,710 shares during the period. Finally, Curbstone Financial Management Corp purchased a new position in shares of Innophos Holdings during the first quarter worth about $208,000. Institutional investors and hedge funds own 94.76% of the company’s stock.
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Innophos Holdings Company Profile
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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