NewMarket (NEU) Set to Announce Earnings on Thursday

NewMarket (NYSE:NEU) will be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Parties interested in listening to the company’s conference call can do so using this link.

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

NewMarket Trading Down 1.1 %

NYSE:NEU opened at $519.05 on Tuesday. The firm’s 50 day moving average is $547.10 and its 200 day moving average is $546.91. NewMarket has a 12 month low of $436.90 and a 12 month high of $650.00. The stock has a market capitalization of $4.98 billion, a PE ratio of 12.49 and a beta of 0.49. The company has a current ratio of 2.66, a quick ratio of 1.48 and a debt-to-equity ratio of 0.95.

NewMarket Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.93%. NewMarket’s dividend payout ratio is presently 24.06%.

Analyst Ratings Changes

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

Insider Activity at NewMarket

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

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.