BidaskClub Lowers Innophos (IPHS) to Sell

BidaskClub downgraded shares of Innophos (NASDAQ:IPHS) from a hold rating to a sell rating in a report published on Tuesday morning.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Innophos from a strong-buy rating to a hold rating in a research note on Wednesday, October 4th. KeyCorp restated a hold rating on shares of Innophos in a research note on Wednesday, November 1st.

Shares of Innophos (NASDAQ IPHS) traded down $0.52 during trading on Tuesday, reaching $44.97. The company’s stock had a trading volume of 167,000 shares, compared to its average volume of 116,478. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.49 and a current ratio of 2.86. Innophos has a 52-week low of $41.66 and a 52-week high of $58.22. The firm has a market cap of $882.71, a P/E ratio of 18.49 and a beta of 0.85.

Innophos (NASDAQ:IPHS) last issued its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. Innophos had a return on equity of 13.90% and a net margin of 6.19%. The firm had revenue of $184.00 million during the quarter, compared to the consensus estimate of $179.33 million. During the same period last year, the business posted $0.69 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. analysts forecast that Innophos will post 2.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.92 annualized dividend and a dividend yield of 4.27%. Innophos’s dividend payout ratio is presently 88.07%.

Institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in Innophos by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,141 shares of the specialty chemicals company’s stock valued at $401,000 after purchasing an additional 24 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Innophos by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,962 shares of the specialty chemicals company’s stock valued at $656,000 after purchasing an additional 130 shares during the last quarter. Texas Permanent School Fund boosted its stake in Innophos by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 14,220 shares of the specialty chemicals company’s stock valued at $623,000 after purchasing an additional 131 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Innophos by 5.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock valued at $124,000 after purchasing an additional 157 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Innophos by 3.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,380 shares of the specialty chemicals company’s stock valued at $279,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

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Innophos Company Profile

Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.

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