Seaport Res Ptn Has Pessimistic View of Innospec Q4 Earnings

Innospec Inc. (NASDAQ:IOSP) – Investment analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share (EPS) estimates for shares of Innospec in a report issued on Wednesday, November 6th. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will earn $1.38 per share for the quarter, down from their prior forecast of $1.41. The consensus estimate for Innospec’s current full-year earnings is $5.92 per share. Seaport Res Ptn also issued estimates for Innospec’s FY2025 earnings at $5.98 EPS and FY2026 earnings at $7.01 EPS.

Innospec (NASDAQ:IOSP) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $1.35 EPS for the quarter, hitting analysts’ consensus estimates of $1.35. Innospec had a return on equity of 13.33% and a net margin of 7.68%. The firm had revenue of $443.40 million for the quarter, compared to the consensus estimate of $442.13 million. During the same quarter in the prior year, the company posted $1.59 earnings per share. The firm’s 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 report on Thursday, August 8th.

Innospec Stock Performance

NASDAQ:IOSP opened at $121.65 on Friday. Innospec has a 52 week low of $100.50 and a 52 week high of $133.71. The stock’s 50 day moving average price is $111.61 and its 200 day moving average price is $118.83. The company has a market capitalization of $3.03 billion, a P/E ratio of 21.23 and a beta of 1.08.

Innospec Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be given a $0.79 dividend. This is a boost from Innospec’s previous Semi-Annual dividend of $0.72. This represents a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 18th. Innospec’s dividend payout ratio (DPR) is 26.53%.

Insider Buying and Selling

In other Innospec news, CFO Ian Cleminson sold 6,602 shares of Innospec stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $113.60, for a total transaction of $749,987.20. Following the completion of the transaction, the chief financial officer now directly owns 16,394 shares of the company’s stock, valued at approximately $1,862,358.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of Innospec in the first quarter valued at $66,000. CWM LLC increased its position in Innospec by 239.6% in the second quarter. CWM LLC now owns 635 shares of the specialty chemicals company’s stock worth $78,000 after purchasing an additional 448 shares during the period. Blue Trust Inc. increased its position in Innospec by 503.9% in the third quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company’s stock worth $96,000 after purchasing an additional 650 shares during the period. nVerses Capital LLC increased its position in Innospec by 200.0% in the third quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company’s stock worth $102,000 after purchasing an additional 600 shares during the period. Finally, Motco acquired a new stake in Innospec in the first quarter worth about $132,000. 96.64% of the stock is owned by institutional investors.

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.