NewMarket Corporation (NEU) Scheduled to Post Earnings on Wednesday
NewMarket Corporation (NYSE:NEU) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect NewMarket Corporation to post earnings of $5.79 per share for the quarter.
NewMarket Corporation (NYSE:NEU) last announced its quarterly earnings data on Wednesday, August 2nd. The specialty chemicals company reported $5.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.73 by ($0.44). NewMarket Corporation had a net margin of 11.57% and a return on equity of 46.94%. The firm had revenue of $547.20 million during the quarter, compared to analyst estimates of $570.10 million. During the same quarter in the previous year, the business posted $5.50 earnings per share. NewMarket Corporation’s revenue for the quarter was up 4.9% compared to the same quarter last year. 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 (NYSE NEU) opened at 430.21 on Wednesday. The stock has a 50 day moving average of $424.35 and a 200-day moving average of $447.62. NewMarket Corporation has a one year low of $386.90 and a one year high of $483.86. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 20.91 and a beta of 0.75.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $1.75 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $7.00 annualized dividend and a yield of 1.63%. NewMarket Corporation’s dividend payout ratio is presently 34.03%.
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Separately, BidaskClub cut shares of NewMarket Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.
NewMarket Corporation Company Profile
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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