Innophos Holdings (IPHS) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.66 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.24. Analysts had a consensus of $0.42. The company posted revenue of $189.60 million in the period, compared to analysts expectations of $189.90 million. The company’s revenue was down -6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Innophos Holdings opened for trading at $35.43 and hit $35.94 on the upside on Friday, eventually ending the session at $35.69, with a gain of 1.16% or 0.41 points. The heightened volatility saw the trading volume jump to 2,08,259 shares. Company has a market cap of $688 M.
In a different news, on Mar 14, 2016, Robert J Zatta (director) purchased 2,000 shares at $28.27 per share price. According to the SEC, on Feb 25, 2016, John M Steitz (director) purchased 10,000 shares at $26.95 per share price. On Apr 17, 2015, Randy Gress (CEO) sold 20,000 shares at $58.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Innophos Holdings Inc. is a producer of performance-critical and 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. Bioactive mineral ingredients are mineral based ingredients for food beverage and dietary supplement end markets that are manufactured to be readily digestible. The Company has four product lines: Specialty Ingredients; Food and Technical Grade Purified Phosphoric Acid (PPA); Technical Grade Sodium Tripolyphosphate (STPP) and Detergent Grade PPA and Granular Triple Super Phosphate (GTSP) and other. The Company also produces a range of botanical enzyme and mineral-based ingredients through a variety of production processes customized through spray drying roller compactions grinding wet granulations solvent extractions and custom blending resulting in over 2000 product formulations.