Innophos Holdings, Inc. (IPHS) To Go Ex-Dividend on November 16th
Innophos Holdings, Inc. (NASDAQ:IPHS) announced a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Stockholders of record on Friday, November 17th will be given a dividend of 0.48 per share by the specialty chemicals company on Wednesday, December 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Thursday, November 16th.
Shares of Innophos Holdings (NASDAQ IPHS) opened at $43.38 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.86 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $855.96, a P/E ratio of 17.82 and a beta of 0.88. Innophos Holdings has a 1-year low of $41.66 and a 1-year high of $58.22.
Innophos Holdings (NASDAQ:IPHS) last posted its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $184.00 million during the quarter, compared to analysts’ expectations of $179.33 million. Innophos Holdings had a return on equity of 13.90% and a net margin of 6.19%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. sell-side analysts anticipate that Innophos Holdings will post 2.5 earnings per share for the current fiscal year.
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Several research firms have recently commented on IPHS. Zacks Investment Research raised Innophos Holdings from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a report on Tuesday, August 8th. KeyCorp reissued a “hold” rating on shares of Innophos Holdings in a report on Wednesday, November 1st.
Innophos Holdings 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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