PQ Group (NYSE:PQG) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.77-0.93 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.87. The company issued revenue guidance of $1.58-1.60 billion, compared to the consensus revenue estimate of $1.64 billion.PQ Group also updated its FY 2019 guidance to $0.77-0.93 EPS.
Shares of PQG traded down $0.16 during trading hours on Friday, reaching $14.42. The stock had a trading volume of 73,562 shares, compared to its average volume of 85,819. PQ Group has a 12 month low of $13.18 and a 12 month high of $18.54. The stock’s 50-day moving average is $15.67. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.17 and a quick ratio of 1.09. The firm has a market cap of $1.98 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68.
PQ Group (NYSE:PQG) last issued its earnings results on Thursday, August 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. PQ Group had a return on equity of 7.05% and a net margin of 4.77%. The company had revenue of $431.70 million for the quarter, compared to analysts’ expectations of $440.92 million. During the same period last year, the business earned $0.28 EPS. PQ Group’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts expect that PQ Group will post 0.81 earnings per share for the current fiscal year.
In other PQ Group news, insider Ray Kolberg sold 12,077 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $15.87, for a total transaction of $191,661.99. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.
About PQ Group
PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.
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