Q1 2018 EPS Estimates for PQ Group Holdings Inc (PQG) Lifted by Analyst

PQ Group Holdings Inc (NYSE:PQG) – Equities researchers at KeyCorp lifted their Q1 2018 EPS estimates for PQ Group in a research note issued to investors on Wednesday. KeyCorp analyst M. Sison now forecasts that the company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.13. KeyCorp also issued estimates for PQ Group’s Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $1.00 EPS.

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PQ Group (NYSE:PQG) last announced its earnings results on Wednesday, March 21st. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $358.10 million for the quarter, compared to analysts’ expectations of $341.30 million. The company’s revenue for the quarter was up 10.9% on a year-over-year basis.

Separately, Zacks Investment Research upgraded PQ Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.75.

PQ Group (PQG) opened at $13.65 on Friday. PQ Group has a 52-week low of $12.88 and a 52-week high of $17.65. The company has a current ratio of 1.84, a quick ratio of 1.04 and a debt-to-equity ratio of 2.40.

A number of hedge funds have recently made changes to their positions in PQG. Schneider Downs Wealth Management Advisors LP purchased a new position in PQ Group in the 4th quarter valued at $384,000. Strs Ohio purchased a new position in PQ Group in the 4th quarter valued at $138,000. Quantitative Systematic Strategies LLC purchased a new position in PQ Group in the 4th quarter valued at $874,000. Engineers Gate Manager LP purchased a new position in PQ Group in the 4th quarter valued at $402,000. Finally, Boston Partners purchased a new position in PQ Group in the 4th quarter valued at $50,356,000. Institutional investors own 68.53% of the company’s stock.

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About PQ Group

PQ Group Holdings Inc is a global provider of catalysts, specialty materials, chemicals and services that enable environmental improvements. The Company’s products and solutions help companies produce vehicles with fuel efficiency. The Company has developed zeolite-based catalysts to reduce pollutants in diesel engines.

Earnings History and Estimates for PQ Group (NYSE:PQG)

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