NewMarket (NEU) Set to Announce Earnings on Tuesday

NewMarket (NYSE:NEU – Get Rating) will release its earnings data after the market closes on Tuesday, January 31st. Persons interested in registering for the company’s earnings conference call can do so using this link.

NewMarket (NYSE:NEU – Get Rating) last announced its earnings results on Monday, October 24th. The specialty chemicals company reported $6.32 earnings per share for the quarter. NewMarket had a return on equity of 29.16% and a net margin of 7.76%. The company had revenue of $696.05 million during the quarter.

NewMarket Price Performance

Shares of NYSE:NEU traded down $0.63 during midday trading on Tuesday, reaching $341.25. The company’s stock had a trading volume of 44,167 shares, compared to its average volume of 63,271. NewMarket has a fifty-two week low of $280.28 and a fifty-two week high of $351.73. The company has a market capitalization of $3.37 billion, a P/E ratio of 16.84 and a beta of 0.31. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.76 and a quick ratio of 1.37. The business’s fifty day simple moving average is $320.42 and its 200-day simple moving average is $307.75.

NewMarket Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th were issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, December 14th. NewMarket’s dividend payout ratio is 41.46%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on NewMarket in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On NewMarket

Several hedge funds have recently added to or reduced their stakes in NEU. Teachers Retirement System of The State of Kentucky bought a new position in NewMarket during the third quarter worth about $363,000. Jane Street Group LLC boosted its holdings in NewMarket by 21.4% during the third quarter. Jane Street Group LLC now owns 2,452 shares of the specialty chemicals company’s stock worth $738,000 after buying an additional 433 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in NewMarket by 84.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 2,047 shares of the specialty chemicals company’s stock worth $616,000 after buying an additional 940 shares during the last quarter. State Street Corp raised its position in shares of NewMarket by 0.6% during the third quarter. State Street Corp now owns 194,989 shares of the specialty chemicals company’s stock worth $59,074,000 after purchasing an additional 1,197 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of NewMarket by 19.4% during the third quarter. Price T Rowe Associates Inc. MD now owns 2,594 shares of the specialty chemicals company’s stock worth $781,000 after purchasing an additional 421 shares during the period. Institutional investors own 58.48% of the company’s stock.

NewMarket Company Profile

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NewMarket Corp. operates as a holding company. The firm’s segment include petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It manages properties owned in Virginia and provides various administrative services.