Posted 12/23/2023, 3:05:44 PM
Innospec Stock Up 22% in 3 Months as Strong Financials Drive Growth
- Innospec's (NASDAQIOSP) stock price has increased 22% over the last 3 months, performing well compared to the overall market
- The company's return on equity (ROE) over the last 12 months is 11%, meaning it generates $0.11 in profit for every $1 of shareholders' equity
- Innospec's net income has grown at 12% over the past 5 years, similar to the industry average growth rate
- The company reinvests most of its profits as indicated by its high 73% profit retention ratio and steady dividend payouts
- Analysts expect Innospec's current earnings growth rate to continue going forward based on forecasts