Innospec (NASDAQ:IOSP) Announces Earnings Results

Innospec (NASDAQ:IOSP) announced its quarterly earnings data on Tuesday. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.05, Zacks reports. Innospec had a return on equity of 13.33% and a net margin of 7.68%.

Innospec Stock Up 1.6 %

Innospec stock traded up $1.69 during midday trading on Tuesday, reaching $109.88. The company’s stock had a trading volume of 134,307 shares, compared to its average volume of 109,649. The company has a market cap of $2.74 billion, a P/E ratio of 19.18 and a beta of 1.09. The business has a 50-day simple moving average of $111.79 and a 200-day simple moving average of $112.74. Innospec has a fifty-two week low of $103.65 and a fifty-two week high of $133.71.

Analyst Upgrades and Downgrades

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

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.