Innophos Holdings Inc. (NASDAQ:IPHS) saw an uptick in trading volume on Monday . 90,616 shares traded hands during trading, an increase of 4% from the previous session’s volume of 87,526 shares.The stock last traded at $39.14 and had previously closed at $39.83.
Separately, Zacks Investment Research downgraded shares of Innophos Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th.
The company’s 50 day moving average is $41.85 and its 200 day moving average is $37.71. The stock has a market cap of $759.25 million, a P/E ratio of 30.26 and a beta of 0.77.
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Innophos Holdings (NASDAQ:IPHS) last issued its earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.06. The firm earned $181.90 million during the quarter, compared to analyst estimates of $199.70 million. Innophos Holdings had a net margin of 3.47% and a return on equity of 9.83%. The business’s revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, analysts predict that Innophos Holdings Inc. will post $2.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Wednesday, August 17th. Innophos Holdings’s dividend payout ratio is currently 146.57%.
In other news, VP Joseph Golowski sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $40.46, for a total transaction of $202,300.00. Following the completion of the sale, the vice president now directly owns 28,069 shares of the company’s stock, valued at $1,135,671.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.
About Innophos Holdings
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. Its segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and GTSP & Other.
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