NewMarket Corporation (NEU) Scheduled to Post Earnings on Wednesday
NewMarket Corporation (NYSE:NEU) is scheduled to release its earnings data after the market closes on Wednesday, October 25th. Analysts expect NewMarket Corporation to post earnings of $5.79 per share for the quarter.
NewMarket Corporation (NYSE:NEU) last issued its quarterly earnings results on Wednesday, August 2nd. The specialty chemicals company reported $5.29 EPS for the quarter, missing analysts’ consensus estimates of $5.73 by ($0.44). The firm had revenue of $547.20 million for the quarter, compared to analysts’ expectations of $570.10 million. NewMarket Corporation had a return on equity of 46.94% and a net margin of 11.57%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.50 earnings per share. On average, analysts expect NewMarket Corporation to post $20.23 EPS for the current fiscal year and $22.59 EPS for the next fiscal year.
Shares of NewMarket Corporation (NYSE NEU) opened at 431.67 on Monday. The stock’s 50 day moving average is $425.81 and its 200-day moving average is $446.91. The stock has a market capitalization of $5.12 billion, a P/E ratio of 20.98 and a beta of 0.75. NewMarket Corporation has a one year low of $386.90 and a one year high of $483.86.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, September 14th. NewMarket Corporation’s dividend payout ratio is presently 34.03%.
Separately, BidaskClub lowered shares of NewMarket Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.
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NewMarket Corporation Company Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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