$0.13 EPS Expected for PQ Group Holdings Inc (NYSE:PQG) This Quarter

Wall Street analysts expect PQ Group Holdings Inc (NYSE:PQG) to announce earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for PQ Group’s earnings, with estimates ranging from $0.10 to $0.15. PQ Group also posted earnings of $0.13 per share in the same quarter last year. The business is scheduled to announce its next quarterly earnings results on Thursday, May 14th.

According to Zacks, analysts expect that PQ Group will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.93 to $1.00. For the next fiscal year, analysts expect that the company will post earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.15. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for PQ Group.

PQ Group (NYSE:PQG) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $352.40 million during the quarter, compared to analysts’ expectations of $365.32 million. PQ Group had a net margin of 5.08% and a return on equity of 7.33%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share.

A number of research firms have recently issued reports on PQG. Credit Suisse Group restated a “buy” rating and set a $21.00 target price on shares of PQ Group in a research note on Monday. Goldman Sachs Group cut shares of PQ Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 27th. Craig Hallum began coverage on shares of PQ Group in a research note on Wednesday, December 18th. They set a “buy” rating for the company. Citigroup cut shares of PQ Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $18.00 in a research note on Tuesday, February 11th. Finally, CL King began coverage on shares of PQ Group in a research note on Wednesday, December 18th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.40.

Institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in PQ Group by 3.2% in the 3rd quarter. State Street Corp now owns 741,240 shares of the company’s stock worth $11,815,000 after purchasing an additional 22,871 shares in the last quarter. LGT Capital Partners LTD. raised its stake in PQ Group by 25.1% in the 4th quarter. LGT Capital Partners LTD. now owns 274,000 shares of the company’s stock worth $4,707,000 after purchasing an additional 55,000 shares in the last quarter. California Public Employees Retirement System raised its stake in PQ Group by 14.7% in the 3rd quarter. California Public Employees Retirement System now owns 98,818 shares of the company’s stock worth $1,575,000 after purchasing an additional 12,661 shares in the last quarter. Rhumbline Advisers raised its stake in PQ Group by 9.3% in the 3rd quarter. Rhumbline Advisers now owns 60,696 shares of the company’s stock worth $967,000 after purchasing an additional 5,158 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in PQ Group by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 59,030 shares of the company’s stock worth $941,000 after purchasing an additional 705 shares in the last quarter. Institutional investors and hedge funds own 69.36% of the company’s stock.

Shares of NYSE PQG traded up $0.18 during mid-day trading on Friday, reaching $13.96. 141,171 shares of the company were exchanged, compared to its average volume of 85,997. The company’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $15.75. The company has a quick ratio of 1.26, a current ratio of 2.25 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $1.98 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.02 and a beta of 0.78. PQ Group has a twelve month low of $13.18 and a twelve month high of $17.26.

PQ Group Company Profile

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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