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.
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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.
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