Innospec (IOSP) to Release Earnings on Tuesday

Innospec (NASDAQ:IOSP - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Innospec (NASDAQ:IOSP - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.02. Innospec had a net margin of 7.90% and a return on equity of 14.15%. The business had revenue of $435.00 million during the quarter, compared to analysts' expectations of $468.73 million. During the same quarter in the prior year, the company earned $1.28 EPS. The firm's quarterly revenue was down 9.5% on a year-over-year basis. On average, analysts expect Innospec to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Innospec Price Performance

Shares of Innospec stock traded down $0.74 during trading hours on Tuesday, hitting $109.28. The company's stock had a trading volume of 64,963 shares, compared to its average volume of 106,929. The stock has a 50 day moving average of $111.49 and a 200 day moving average of $119.30. Innospec has a 12 month low of $96.89 and a 12 month high of $133.71. The company has a market capitalization of $2.73 billion, a PE ratio of 18.32 and a beta of 1.07.

Analyst Ratings Changes

Separately, StockNews.com lowered Innospec from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 8th.

Insiders Place Their Bets

In other news, CFO Ian Cleminson sold 3,398 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $114.74, for a total transaction of $389,886.52. Following the transaction, the chief financial officer now directly owns 12,996 shares in the company, valued at $1,491,161.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.35% of the company's stock.

Innospec Company Profile

Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in additives in diesel, jet, marine, fuel oil and other fuels.