Innophos (IPHS) Reaches New 12-Month Low at $26.44

Innophos Holdings, Inc. (NASDAQ:IPHS)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $26.44 and last traded at $27.26, with a volume of 4385 shares trading hands. The stock had previously closed at $27.74.

IPHS has been the subject of several recent research reports. BidaskClub cut shares of Innophos from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. TheStreet cut shares of Innophos from a “b-” rating to a “c+” rating in a research report on Thursday, August 23rd. ValuEngine cut shares of Innophos from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, Zacks Investment Research cut shares of Innophos from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th.

The company has a current ratio of 2.79, a quick ratio of 1.36 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $528.86 million, a price-to-earnings ratio of 11.06 and a beta of 1.21.

Innophos (NASDAQ:IPHS) last posted its quarterly earnings data on Thursday, November 1st. The specialty chemicals company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). Innophos had a return on equity of 13.30% and a net margin of 2.49%. The firm had revenue of $196.93 million for the quarter, compared to analyst estimates of $197.20 million. During the same quarter last year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that Innophos Holdings, Inc. will post 2.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 7.06%. The ex-dividend date is Thursday, November 15th. Innophos’s dividend payout ratio (DPR) is presently 78.05%.

Several institutional investors and hedge funds have recently bought and sold shares of IPHS. Itau Unibanco Holding S.A. acquired a new stake in shares of Innophos during the second quarter worth $144,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Innophos during the third quarter worth $208,000. Raymond James & Associates acquired a new stake in shares of Innophos during the second quarter worth $209,000. Ifrah Financial Services Inc. acquired a new stake in shares of Innophos during the second quarter worth $210,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Innophos during the second quarter worth $213,000. Institutional investors own 95.07% of the company’s stock.

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About Innophos (NASDAQ:IPHS)

Innophos Holdings, Inc, together with its subsidiaries, produces specialty ingredients with applications in food, health, nutrition, and industrial markets. It operates through three segments: Food, Health and Nutrition; Industrial Specialties; and Other. The company's specialty ingredients include specialty phosphate salts and specialty phosphoric acids, as well as other mineral, enzyme, and botanical based specialty ingredients that are used as flavor enhancers in beverages; electrolytes in sports drinks; texture modifiers in cheeses; leavening agents in baked goods; calcium and phosphorus fortification in food and beverages; moisture and color retention in seafood, poultry, and meat; excipients in vitamins, minerals, nutritional supplements, and pharmaceuticals; and abrasives in toothpaste.

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