Innospec Inc. (NASDAQ:IOSP) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, IOSP is expected to report 2Q20 income of $ 0.20 per share from revenue of $ 278.65 million.
For the full year, analysts anticipate top line of $ 1318.50 million, while looking forward to income of $ 3.97 per share bottom line.
Previous Quarter Performance
Innospec Inc. unwinded income for the first quarter of $ 1.42 per share, from the revenue of $ 372.30 million. The quarterly earnings escalated 13.60 percent while revenues fell 4.12 percent compared with the same quarter last year.
According to street consensus, IOSP was expected to report 1Q20 income of $ 1.23 per share from revenue of $ 535.50 million. The bottom line results beat street analysts by $ 0.19 or 15.45 percent, at the same time, top line results fell short of analysts by $ 163.2 million or 30.48 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IOSP was $ 76.80, representing a 35.43 % increase from the 52 week low of $ 56.71 and a 28.79 % decrease over the 52 week high of $ 107.85.
The company has a market capital of $ 1.89 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
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Recent Stock Dividend Announcement
On May 5, 2020, the board of directors authorized semi-annual dividend of $ 0.52 per share to holders of record as of the close of business on May 18, 2020, with payment date of May 26, 2020 and ex-dividend date on May 15, 2020.
Innospec Inc. develops, manufactures, blends, markets, and supplies specialty chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives.
