Q4 Earnings Estimate for Innospec Issued By Seaport Res Ptn

Innospec Inc. (NASDAQ:IOSP - Free Report) - Equities research analysts at Seaport Res Ptn lowered their Q4 2024 earnings estimates for shares of Innospec in a report released on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $1.36 for the quarter, down from their prior estimate of $1.38. The consensus estimate for Innospec's current full-year earnings is $5.88 per share. Seaport Res Ptn also issued estimates for Innospec's Q1 2025 earnings at $1.35 EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $5.87 EPS and FY2026 earnings at $6.96 EPS.

Innospec (NASDAQ:IOSP - Get Free Report) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share for the quarter, meeting analysts' consensus estimates of $1.35. Innospec had a net margin of 7.68% and a return on equity of 13.33%. The firm had revenue of $443.40 million for the quarter, compared to analyst estimates of $442.13 million. During the same quarter last year, the business posted $1.59 earnings per share. The company's quarterly revenue was down 4.5% on a year-over-year basis.

Separately, StockNews.com downgraded Innospec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 11th.

Innospec Price Performance

IOSP stock traded up $0.23 during midday trading on Thursday, reaching $115.48. 58,950 shares of the stock were exchanged, compared to its average volume of 95,207. The stock has a market capitalization of $2.88 billion, a PE ratio of 20.12 and a beta of 1.09. Innospec has a 52 week low of $103.65 and a 52 week high of $133.71. The company has a fifty day moving average price of $113.86 and a 200 day moving average price of $114.67.

Innospec Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were issued a dividend of $0.79 per share. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Innospec's previous Semi-Annual dividend of $0.72. Innospec's payout ratio is 27.57%.

Insider Buying and Selling

In related news, Director Milton C. Blackmore sold 1,035 shares of Innospec stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $122.92, for a total value of $127,222.20. Following the transaction, the director now directly owns 9,028 shares of the company's stock, valued at $1,109,721.76. The trade was a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IOSP. Blue Trust Inc. boosted its position in shares of Innospec by 503.9% during the 3rd quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company's stock valued at $96,000 after purchasing an additional 650 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of Innospec by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company's stock worth $102,000 after buying an additional 600 shares in the last quarter. KBC Group NV grew its position in shares of Innospec by 82.3% during the 4th quarter. KBC Group NV now owns 1,236 shares of the specialty chemicals company's stock worth $136,000 after buying an additional 558 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Innospec during the 2nd quarter worth approximately $184,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Innospec in the 3rd quarter valued at $215,000. Institutional investors own 96.64% 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.