Brokerages Expect Innophos Holdings, Inc. (IPHS) Will Post Earnings of $0.60 Per Share

Equities research analysts expect Innophos Holdings, Inc. (NASDAQ:IPHS) to report earnings per share (EPS) of $0.60 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Innophos’ earnings. Innophos posted earnings of $0.59 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The company is expected to report its next earnings report on Monday, May 7th.

According to Zacks, analysts expect that Innophos will report full year earnings of $2.70 per share for the current financial year. For the next financial year, analysts anticipate that the company will report earnings of $2.90 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Innophos.

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Innophos (NASDAQ:IPHS) last issued its quarterly earnings data on Wednesday, February 21st. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The company had revenue of $193.10 million for the quarter, compared to analysts’ expectations of $194.25 million. Innophos had a return on equity of 14.02% and a net margin of 3.11%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Innophos from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub raised shares of Innophos from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Finally, TheStreet cut shares of Innophos from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.00.

IPHS traded down $0.12 during trading on Wednesday, reaching $40.35. 86,586 shares of the company were exchanged, compared to its average volume of 164,536. The stock has a market capitalization of $790.78, a price-to-earnings ratio of 16.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.36 and a current ratio of 2.64. Innophos has a 12-month low of $38.66 and a 12-month high of $51.34.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 9th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.76%. Innophos’s payout ratio is 78.05%.

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Innophos by 379.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,535 shares of the specialty chemicals company’s stock valued at $666,000 after purchasing an additional 10,711 shares during the last quarter. AXA raised its stake in Innophos by 83.6% during the 4th quarter. AXA now owns 70,300 shares of the specialty chemicals company’s stock valued at $3,285,000 after purchasing an additional 32,000 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Innophos by 5.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 588,910 shares of the specialty chemicals company’s stock valued at $28,968,000 after purchasing an additional 30,320 shares during the last quarter. Alpha Windward LLC acquired a new position in Innophos during the 4th quarter valued at $550,000. Finally, Segall Bryant & Hamill LLC raised its stake in Innophos by 11.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 820,518 shares of the specialty chemicals company’s stock valued at $40,361,000 after purchasing an additional 81,550 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

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Innophos Company Profile

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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