Innophos (IPHS) Scheduled to Post Earnings on Thursday

Share on StockTwits

Innophos (NASDAQ:IPHS) will be announcing its earnings results before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $0.83 per share for the quarter.

Innophos (NASDAQ:IPHS) last released its quarterly earnings data on Monday, July 30th. The specialty chemicals company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.10). The firm had revenue of $206.73 million during the quarter, compared to analyst estimates of $213.40 million. Innophos had a net margin of 2.21% and a return on equity of 14.28%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. On average, analysts expect Innophos to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NASDAQ IPHS opened at $29.89 on Wednesday. The stock has a market capitalization of $601.59 million, a PE ratio of 12.15 and a beta of 0.70. The company has a current ratio of 2.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.99. Innophos has a 1-year low of $29.18 and a 1-year high of $50.40.

Several equities analysts recently commented on IPHS shares. BidaskClub lowered Innophos from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. TheStreet lowered Innophos from a “b-” rating to a “c+” rating in a research report on Thursday, August 23rd. Zacks Investment Research lowered Innophos from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. Finally, ValuEngine lowered Innophos from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company presently has an average rating of “Sell” and an average target price of $51.00.

About Innophos

Innophos Holdings, Inc, together with its subsidiaries, produces specialty ingredients with applications in food, health, nutrition, and industrial markets. It operates through three segments: Food, Health and Nutrition; Industrial Specialties; and Other. The company's specialty ingredients include specialty phosphate salts and specialty phosphoric acids, as well as other mineral, enzyme, and botanical based specialty ingredients that are used as flavor enhancers in beverages; electrolytes in sports drinks; texture modifiers in cheeses; leavening agents in baked goods; calcium and phosphorus fortification in food and beverages; moisture and color retention in seafood, poultry, and meat; excipients in vitamins, minerals, nutritional supplements, and pharmaceuticals; and abrasives in toothpaste.

See Also: Why do earnings reports matter?

Earnings History for Innophos (NASDAQ:IPHS)

Receive News & Ratings for Innophos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innophos and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply