NewMarket (NEU) Set to Announce Quarterly Earnings on Wednesday

NewMarket (NYSE:NEU) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $8.38 EPS for the quarter. The company had revenue of $643.35 million during the quarter. NewMarket had a return on equity of 41.33% and a net margin of 14.41%.

NewMarket Price Performance

Shares of NYSE:NEU opened at $589.15 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.85 and a quick ratio of 1.60. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 14.54 and a beta of 0.45. NewMarket has a one year low of $362.16 and a one year high of $650.00. The firm has a 50 day simple moving average of $615.71 and a 200 day simple moving average of $555.12.

NewMarket Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $2.50 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from NewMarket’s previous quarterly dividend of $2.25. This represents a $10.00 annualized dividend and a yield of 1.70%. NewMarket’s dividend payout ratio is presently 24.73%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered NewMarket from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 4th.

Hedge Funds Weigh In On NewMarket

A number of hedge funds and other institutional investors have recently made changes to their positions in NEU. KBC Group NV purchased a new position in shares of NewMarket during the 4th quarter valued at $75,000. US Bancorp DE increased its position in NewMarket by 14.4% during the 4th quarter. US Bancorp DE now owns 254 shares of the specialty chemicals company’s stock valued at $139,000 after buying an additional 32 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of NewMarket by 22.0% in the second quarter. SRS Capital Advisors Inc. now owns 372 shares of the specialty chemicals company’s stock worth $150,000 after purchasing an additional 67 shares during the last quarter. Tower Research Capital LLC TRC grew its position in NewMarket by 167.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 398 shares of the specialty chemicals company’s stock worth $160,000 after purchasing an additional 249 shares during the period. Finally, State of Wyoming bought a new position in NewMarket in the second quarter worth approximately $175,000. 61.09% of the stock is owned by hedge funds and other institutional investors.

NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. 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, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.