NewMarket (NEU) Announces Quarterly Earnings Results
NewMarket (NYSE:NEU) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $3.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.62 by ($0.57), Yahoo Finance reports. NewMarket had a net margin of 8.67% and a return on equity of 38.19%. The business had revenue of $559.98 million during the quarter, compared to the consensus estimate of $522.10 million. During the same period last year, the firm earned $3.86 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year.
Shares of NewMarket (NEU) traded down $3.02 during trading hours on Thursday, hitting $392.98. 51,416 shares of the stock traded hands, compared to its average volume of 34,774. NewMarket has a 52 week low of $373.59 and a 52 week high of $483.86. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.74 and a quick ratio of 1.50. The firm has a market cap of $4,516.15, a P/E ratio of 24.57 and a beta of 0.81.
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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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