NewMarket (NEU) Scheduled to Post Earnings on Thursday

NewMarket (NYSE:NEU) will post its quarterly earnings results before the market opens on Thursday, October 24th. Persons interested in registering for the company’s earnings conference call can do so using this link.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Monday, July 29th. The specialty chemicals company reported $11.63 earnings per share (EPS) for the quarter. The business had revenue of $710.23 million during the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%.

NewMarket Price Performance

NYSE:NEU opened at $530.20 on Thursday. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 12.75 and a beta of 0.49. NewMarket has a 1 year low of $436.90 and a 1 year high of $650.00. The business has a 50 day simple moving average of $548.38 and a 200-day simple moving average of $549.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48.

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, September 16th. NewMarket’s payout ratio is 24.06%.

Insider Buying and Selling

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $544.31, for a total transaction of $691,273.70. Following the completion of the transaction, the chief accounting officer now owns 358 shares in the company, valued at $194,862.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NewMarket from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

About NewMarket

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.