NewMarket (NEU) Set to Announce Earnings on Wednesday

NewMarket (NYSE:NEU) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Individual interested in participating in the company’s earnings conference call can do so using this link.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, January 31st. The specialty chemicals company reported $8.38 EPS for the quarter. The business had revenue of $643.35 million for the quarter. NewMarket had a net margin of 14.41% and a return on equity of 41.33%.

NewMarket Stock Up 0.4 %

NewMarket stock opened at $588.51 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.85 and a quick ratio of 1.60. The stock has a market capitalization of $5.64 billion, a PE ratio of 14.56 and a beta of 0.45. The business has a 50 day simple moving average of $615.45 and a 200-day simple moving average of $559.77. NewMarket has a 12 month low of $362.16 and a 12 month high of $650.00.

NewMarket Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $2.50 per share. This is a boost from NewMarket’s previous quarterly dividend of $2.25. This represents a $10.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Thursday, March 14th. NewMarket’s payout ratio is currently 24.73%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 4th.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.