Innospec Inc (NASDAQ: IOSP) has reported earnings for its third fiscal quarter (ending September 30) of $1.58 versus $1.56 for the same period a year ago — an increase of 1%. This result exceeded the consensus estimate of $1.46 by $0.12. For the latest four quarters through September 30, E.P.S. were $5.11 compared to $5.31 a year ago — a decline of -4%.
Recent Price Action
Innospec Inc (NASDAQ: IOSP) stock closed at $99.47 on 11/7/23 after a decline of -1.2%. The stock has risen 1.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
IOSP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Innospec has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Innospec has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 54, with the Low Neutral Value Trend Rating the result.
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.
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