$0.31 Earnings Per Share Expected for PQ Group Holdings Inc (NYSE:PQG) This Quarter

Brokerages expect PQ Group Holdings Inc (NYSE:PQG) to report earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for PQ Group’s earnings, with estimates ranging from $0.26 to $0.38. PQ Group posted earnings per share of $0.26 during the same quarter last year, which suggests a positive year over year growth rate of 19.2%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 5th.

On average, analysts expect that PQ Group will report full year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.80 to $0.95. For the next year, analysts forecast that the company will report earnings of $1.02 per share, with EPS estimates ranging from $0.95 to $1.06. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover PQ Group.

PQ Group (NYSE:PQG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.08. PQ Group had a net margin of 4.77% and a return on equity of 7.00%. The business had revenue of $431.70 million during the quarter, compared to the consensus estimate of $440.92 million. During the same period in the prior year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Nomura set a $19.00 price objective on shares of PQ Group and gave the stock a “buy” rating in a research report on Monday, August 12th. Zacks Investment Research raised shares of PQ Group from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.

PQG stock traded down $0.48 during trading on Friday, reaching $14.04. The stock had a trading volume of 102,422 shares, compared to its average volume of 89,762. PQ Group has a one year low of $13.18 and a one year high of $18.54. The company has a quick ratio of 1.40, a current ratio of 2.46 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $15.22 and its two-hundred day moving average is $15.59. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.10 and a beta of 0.68.

In other news, insider Ray Kolberg sold 12,077 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $15.87, for a total transaction of $191,661.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC bought a new position in PQ Group in the 2nd quarter worth approximately $37,000. Tower Research Capital LLC TRC bought a new position in PQ Group in the 2nd quarter worth approximately $40,000. Bank of Montreal Can boosted its holdings in PQ Group by 200.1% in the 2nd quarter. Bank of Montreal Can now owns 4,469 shares of the company’s stock worth $71,000 after buying an additional 2,980 shares during the period. Legal & General Group Plc boosted its holdings in PQ Group by 21.5% in the 4th quarter. Legal & General Group Plc now owns 6,775 shares of the company’s stock worth $100,000 after buying an additional 1,201 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in PQ Group by 262.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,465 shares of the company’s stock worth $128,000 after buying an additional 6,129 shares during the period. 68.78% of the stock is owned by hedge funds and other institutional investors.

About PQ Group

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: Example of operating income, EBIT and EBITDA

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