NewMarket (NYSE:NEU) will be announcing its earnings results after the market closes on Wednesday, April 24th.
NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, February 6th. The specialty chemicals company reported $5.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.92. NewMarket had a return on equity of 41.52% and a net margin of 10.25%. The business had revenue of $538.31 million for the quarter. On average, analysts expect NewMarket to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.
Shares of NYSE NEU opened at $428.61 on Wednesday. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 1.57. NewMarket has a one year low of $352.89 and a one year high of $452.54. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 21.07 and a beta of 0.50.
In other NewMarket news, Chairman Thomas E. Gottwald sold 11,000 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $437.84, for a total value of $4,816,240.00. Following the transaction, the chairman now directly owns 145,168 shares of the company’s stock, valued at approximately $63,560,357.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Rogers sold 500 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $433.97, for a total value of $216,985.00. The disclosure for this sale can be found here. Corporate insiders own 17.02% of the company’s stock.
Separately, Buckingham Research initiated coverage on NewMarket in a report on Monday, April 1st. They issued an “underperform” rating and a $380.00 price objective on the stock.
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NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. 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, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.
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