Innospec Inc (NASDAQ: IOSP) has reported E.P.S. of $1.25 for its second fiscal quarter (ending June 30) versus $1.16 for the same period a year ago — an increase of 8%. Relative to the consensus estimate of $1.37, this was a shortfall of $-0.12. For the latest four quarters through June 30, E.P.S. were $6.01 compared to $5.09 a year ago — an increase of 18%.
Recent Price Action
Innospec Inc (NASDAQ: IOSP) stock enjoyed a large increase of 2.0% on 8/6/24. The stock closed at $118.26. Moreover, unusually high trading volume at 163% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -8.6% during the last week.
Current PriceTarget Research Rating
IOSP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Innospec has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Innospec has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 66, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment