NewMarket (NEU) to Release Earnings on Wednesday

NewMarket (NYSE:NEU) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, January 31st. The specialty chemicals company reported $8.38 EPS for the quarter. NewMarket had a return on equity of 41.33% and a net margin of 14.41%. The business had revenue of $643.35 million for the quarter.

NewMarket Stock Up 0.4 %

Shares of NYSE:NEU opened at $588.51 on Tuesday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 14.56 and a beta of 0.45. The company has a 50 day moving average of $615.45 and a two-hundred day moving average of $559.77. NewMarket has a 52-week low of $362.16 and a 52-week high of $650.00. The company has a quick ratio of 1.60, a current ratio of 2.85 and a debt-to-equity ratio of 0.60.

NewMarket Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 1.70%. This is a positive change from NewMarket’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 14th. NewMarket’s dividend payout ratio (DPR) is presently 24.73%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of NewMarket from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 4th.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.