KeyCorp Reiterates Hold Rating for Innophos Holdings, Inc. (IPHS)

KeyCorp reissued their hold rating on shares of Innophos Holdings, Inc. (NASDAQ:IPHS) in a report issued on Wednesday. KeyCorp also issued estimates for Innophos Holdings’ FY2018 earnings at $2.75 EPS.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Innophos Holdings from a hold rating to a sell rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Innophos Holdings from a sell rating to a hold rating in a research report on Tuesday, July 11th.

Shares of Innophos Holdings (NASDAQ:IPHS) traded down $0.72 on Wednesday, reaching $45.32. 103,075 shares of the company’s stock traded hands, compared to its average volume of 95,892. The stock has a market cap of $885.05, a PE ratio of 18.42 and a beta of 0.88. The company has a quick ratio of 1.73, a current ratio of 2.86 and a debt-to-equity ratio of 0.83. Innophos Holdings has a fifty-two week low of $41.66 and a fifty-two week high of $58.22.

Innophos Holdings (NASDAQ:IPHS) last announced its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ 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 net margin of 6.19% and a return on equity of 13.90%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. analysts predict that Innophos Holdings will post 2.5 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be given a $0.48 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.92 annualized dividend and a dividend yield of 4.24%. Innophos Holdings’s dividend payout ratio is 88.48%.

Large investors have recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Innophos Holdings in the 3rd quarter worth about $109,000. Public Employees Retirement System of Ohio lifted its position in shares of Innophos Holdings by 5.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock worth $124,000 after purchasing an additional 157 shares during the period. Barings LLC purchased a new stake in shares of Innophos Holdings in the 1st quarter worth about $200,000. Pacad Investment Ltd. lifted its position in shares of Innophos Holdings by 19.5% in the 2nd quarter. Pacad Investment Ltd. now owns 4,900 shares of the specialty chemicals company’s stock worth $215,000 after purchasing an additional 800 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Innophos Holdings by 44.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,508 shares of the specialty chemicals company’s stock worth $240,000 after purchasing an additional 1,698 shares during the period. 94.43% of the stock is owned by hedge funds and other institutional investors.

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. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.

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