Innospec (IOSP) Stock Forecast, Price & News

Innospec's stock was trading at $102.86 on January 1st, 2023. Since then, IOSP shares have decreased by 3.2% and is now trading at $99.56.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our IOSP earnings forecast.

Innospec Inc. (NASDAQ:IOSP) issued its quarterly earnings data on Wednesday, May, 3rd. The specialty chemicals company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.19 by $0.19. The specialty chemicals company had revenue of $509.60 million for the quarter, compared to the consensus estimate of $496.47 million. Innospec had a net margin of 6.48% and a trailing twelve-month return on equity of 13.77%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.53 earnings per share.

Innospec declared a Semi-Annual dividend on Tuesday, May 2nd. Investors of record on Monday, May 22nd will be paid a dividend of $0.69 per share on Wednesday, May 31st. This represents a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 19th. This is a positive change from the stock's previous Semi-Annual dividend of $0.65.
Read our dividend analysis for IOSP.

ETFs with the largest weight of Innospec (NASDAQ:IOSP) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco DWA Basic Materials Momentum ETF (PYZ), Invesco S&P SmallCap Low Volatility ETF (XSLV), Qraft AI-Enhanced Next Value ETF (NVQ), SPDR S&P 600 Small Cap Growth ETF (SLYG), iShares S&P Small-Cap 600 Growth ETF (IJT) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG).

Innospec (NASDAQ:IOSP) pays an annual dividend of $1.38 per share and currently has a dividend yield of 1.47%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IOSP will have a dividend payout ratio of 19.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IOSP.

12 employees have rated Innospec Chief Executive Officer Patrick S. Williams on Glassdoor.com. Patrick S. Williams has an approval rating of 96% among the company's employees. This puts Patrick S. Williams in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Innospec investors own include NVIDIA (NVDA), Altria Group (MO), Ecolab (ECL), Eastman Chemical (EMN), Corning (GLW), Realty Income (O), Pfizer (PFE), Sherwin-Williams (SHW), Weyerhaeuser (WY) and Applied Materials (AMAT).

Innospec trades on the NASDAQ under the ticker symbol "IOSP."

Innospec's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.74%), Allspring Global Investments Holdings LLC (9.97%), Wasatch Advisors LP (8.49%), Dimensional Fund Advisors LP (4.89%), Victory Capital Management Inc. (4.34%) and State Street Corp (3.47%). Insiders that own company stock include Brian Watt, Claudia Poccia, Corbin Barnes, David B Jones, David Landless, Ian Cleminson, Ian Malcolm Mcrobbie, Leslie J Parrette, Milton C Blackmore, Patrick Williams and Philip John Boon.
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Shares of IOSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IOSP stock can currently be purchased for approximately $99.56.

Innospec (NASDAQ:IOSP) has a market capitalization of $2.48 billion and generates $1.96 billion in revenue each year. The specialty chemicals company earns $133 million in net income (profit) each year or $5.19 on an earnings per share basis.

The company employs 2,100 workers across the globe.

Innospec's mailing address is 8310 SOUTH VALLEY HIGHWAY SUITE 350, ENGLEWOOD CO, 80112. The official website for the company is www.innospecinc.com. The specialty chemicals company can be reached via phone at (303) 792-5554, via email at brian.watt@innospecinc.com, or via fax at 303-792-5668.