Analysts expect that PQ Group Holdings Inc (NYSE:PQG) will report earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for PQ Group’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.11. PQ Group posted earnings per share of $0.17 in the same quarter last year, which suggests a negative year over year growth rate of 47.1%. The firm is scheduled to report its next earnings results on Thursday, February 20th.

On average, analysts expect that PQ Group will report full year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.85 to $0.90. For the next fiscal year, analysts expect that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.70 to $1.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover PQ Group.

PQ Group (NYSE:PQG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.07. The business had revenue of $423.80 million during the quarter, compared to analysts’ expectations of $425.54 million. PQ Group had a net margin of 5.56% and a return on equity of 7.68%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share.

A number of research firms have issued reports on PQG. TheStreet cut shares of PQ Group from a “b-” rating to a “c” rating in a report on Thursday, October 24th. CL King began coverage on shares of PQ Group in a report on Wednesday, December 18th. They issued a “buy” rating for the company. Craig Hallum began coverage on shares of PQ Group in a report on Wednesday, December 18th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of PQ Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Goldman Sachs Group cut shares of PQ Group from a “neutral” rating to a “sell” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.67.

Shares of NYSE PQG traded down $0.04 during midday trading on Wednesday, reaching $16.56. The company had a trading volume of 60,612 shares, compared to its average volume of 88,493. The business’s 50-day simple moving average is $16.36 and its 200 day simple moving average is $15.74. The stock has a market cap of $2.26 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.19 and a beta of 0.75. PQ Group has a 1 year low of $13.18 and a 1 year high of $17.59. The company has a current ratio of 2.25, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of PQ Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 3,557,770 shares of the company’s stock worth $56,391,000 after acquiring an additional 28,837 shares during the period. BlackRock Inc. grew its position in PQ Group by 5.8% during the second quarter. BlackRock Inc. now owns 2,620,665 shares of the company’s stock valued at $41,537,000 after buying an additional 143,131 shares during the period. State Street Corp grew its position in PQ Group by 3.2% during the third quarter. State Street Corp now owns 741,240 shares of the company’s stock valued at $11,815,000 after buying an additional 22,871 shares during the period. Northern Trust Corp grew its position in PQ Group by 46.3% during the second quarter. Northern Trust Corp now owns 672,188 shares of the company’s stock valued at $10,654,000 after buying an additional 212,793 shares during the period. Finally, LGT Capital Partners LTD. grew its position in PQ Group by 25.1% during the fourth quarter. LGT Capital Partners LTD. now owns 274,000 shares of the company’s stock valued at $4,707,000 after buying an additional 55,000 shares during the period. Hedge funds and other institutional investors own 68.64% of the company’s stock.

PQ Group Company Profile

PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.

See Also: Commodities

Get a free copy of the Zacks research report on PQ Group (PQG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PQ Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PQ Group and related companies with MarketBeat.com's FREE daily email newsletter.