Innospec (NASDAQ:IOSP – Get Free Report) issued its earnings results on Tuesday. The specialty chemicals company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.36 by $0.05, Zacks reports. The firm had revenue of $466.80 million during the quarter, compared to the consensus estimate of $447.43 million. Innospec had a return on equity of 12.29% and a net margin of 1.93%.
Innospec Stock Performance
Shares of Innospec stock opened at $102.76 on Thursday. The stock has a 50 day moving average price of $111.37 and a two-hundred day moving average price of $112.58. The stock has a market capitalization of $2.56 billion, a PE ratio of 72.37 and a beta of 1.09. Innospec has a 52 week low of $99.49 and a 52 week high of $133.71.
Analysts Set New Price Targets
Separately, StockNews.com cut Innospec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 11th.
About Innospec
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.
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