NewMarket Corporation (NEU) to Release Earnings on Wednesday
NewMarket Corporation (NYSE:NEU) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 2nd.
NewMarket Corporation (NYSE:NEU) last announced its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $5.39 earnings per share for the quarter, beating the consensus estimate of $4.04 by $1.35. NewMarket Corporation had a return on equity of 51.17% and a net margin of 11.79%. The company had revenue of $542.80 million during the quarter, compared to analysts’ expectations of $509 million. During the same period last year, the business earned $5.42 earnings per share. NewMarket Corporation’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts expect NewMarket Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NewMarket Corporation (NEU) traded down 0.63% during mid-day trading on Thursday, reaching $458.55. The company’s stock had a trading volume of 19,244 shares. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 22.14 and a beta of 0.75. The company’s 50 day moving average price is $461.82 and its 200-day moving average price is $451.38. NewMarket Corporation has a 1-year low of $386.90 and a 1-year high of $483.86.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, June 13th. NewMarket Corporation’s dividend payout ratio is presently 33.80%.
Separately, BidaskClub downgraded NewMarket Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th.
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In related news, insider Robert A. Shama sold 230 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $458.60, for a total value of $105,478.00. Following the completion of the transaction, the insider now directly owns 1,850 shares of the company’s stock, valued at approximately $848,410. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.83% of the company’s stock.
About NewMarket Corporation
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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