NewMarket (NEU) Scheduled to Post Earnings on Wednesday

NewMarket (NYSE:NEU) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Investors interested in participating in the company’s conference call can do so using this link.

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

NewMarket Price Performance

Shares of NewMarket stock opened at $589.15 on Wednesday. NewMarket has a 12 month low of $362.16 and a 12 month high of $650.00. The company has a current ratio of 2.85, a quick ratio of 1.60 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $615.71 and a 200 day moving average of $555.12. The firm has a market cap of $5.65 billion, a PE ratio of 14.54 and a beta of 0.45.

NewMarket Increases Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Trading of NewMarket

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in NewMarket by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,382 shares of the specialty chemicals company’s stock valued at $1,846,000 after buying an additional 35 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of NewMarket by 2.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,721 shares of the specialty chemicals company’s stock valued at $1,485,000 after buying an additional 53 shares during the period. Barclays PLC boosted its position in NewMarket by 46.4% in the 4th quarter. Barclays PLC now owns 7,201 shares of the specialty chemicals company’s stock worth $3,931,000 after purchasing an additional 2,283 shares in the last quarter. Vanguard Group Inc. grew its position in NewMarket by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 722,184 shares of the specialty chemicals company’s stock valued at $394,190,000 after buying an additional 4,261 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of NewMarket by 804.5% in the 4th quarter. Voya Investment Management LLC now owns 10,863 shares of the specialty chemicals company’s stock valued at $5,929,000 after purchasing an additional 9,662 shares in the last quarter. 61.09% of the stock is currently owned by 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.