NewMarket (NEU) Releases Earnings Results, Misses Expectations By $0.46 EPS

NewMarket (NYSE:NEU) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $5.14 earnings per share for the quarter, missing analysts’ consensus estimates of $5.60 by ($0.46), Bloomberg Earnings reports. NewMarket had a net margin of 8.67% and a return on equity of 37.86%.

Shares of NewMarket stock traded up $1.83 during midday trading on Wednesday, reaching $397.76. The company had a trading volume of 34,282 shares, compared to its average volume of 34,762. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.63 and a quick ratio of 1.42. The firm has a market cap of $4,750.53, a P/E ratio of 21.49 and a beta of 0.74. NewMarket has a 1-year low of $373.59 and a 1-year high of $483.86.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, March 14th.

Separately, TheStreet lowered shares of NewMarket from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.

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About NewMarket

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

Earnings History for NewMarket (NYSE:NEU)

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