NewMarket (NEU) Scheduled to Post Quarterly Earnings on Wednesday

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.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, March 14th. NewMarket’s dividend payout ratio is 34.41%.

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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About NewMarket

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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Earnings History for NewMarket (NYSE:NEU)

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