NewMarket Sets New 52-Week High at $414.20 (NEU)
NewMarket (NYSE:NEU) reached a new 52-week high on Tuesday , AnalystRatings.Net reports. The stock traded as high as $414.20 and last traded at $411.91, with a volume of 28,109 shares trading hands. The stock had previously closed at $406.89.
The stock’s 50-day moving average is $395.5 and its 200-day moving average is $385.8. The company has a market cap of $5.218 billion and a P/E ratio of 20.67.
NewMarket (NYSE:NEU) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $5.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $5.02 by $0.22. The company had revenue of $620.44 million for the quarter, compared to the consensus estimate of $613.17 million. During the same quarter last year, the company posted $4.61 earnings per share. NewMarket’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that NewMarket will post $18.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 11th.
In other NewMarket news, CEO Thomas E. Gottwald unloaded 10,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $406.83, for a total value of $4,068,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NewMarket Corporation (NYSE:NEU) is a holding company, which is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development).
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