News articles about NewMarket Corporation (NYSE:NEU) have been trending somewhat positive this week, according to Alpha One Sentiment Analysis. Alpha One, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NewMarket Corporation earned a news sentiment score of 0.05 on Alpha One’s scale. Alpha One also assigned media coverage about the specialty chemicals company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near term.
NewMarket Corporation (NYSE NEU) traded up 0.20% on Friday, reaching $466.51. 61,038 shares of the company traded hands. NewMarket Corporation has a 1-year low of $385.66 and a 1-year high of $483.86. The stock has a 50 day moving average of $465.67 and a 200-day moving average of $444.70. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 22.52 and a beta of 0.75.
NewMarket Corporation (NYSE:NEU) last issued its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $5.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.04 by $1.35. The company had revenue of $542.80 million for the quarter, compared to analyst estimates of $509 million. NewMarket Corporation had a net margin of 11.79% and a return on equity of 51.17%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.42 earnings per share. On average, equities analysts anticipate that NewMarket Corporation will post $20.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be paid a dividend of $1.75 per share. The ex-dividend date is Tuesday, June 13th. This represents a $7.00 dividend on an annualized basis and a yield of 1.50%. NewMarket Corporation’s dividend payout ratio (DPR) is presently 33.80%.
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In other NewMarket Corporation news, insider Robert A. Shama sold 230 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $458.60, for a total transaction of $105,478.00. Following the sale, the insider now directly owns 1,850 shares in the company, valued at $848,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.83% of the stock is owned by corporate insiders.
About NewMarket Corporation
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230577/somewhat-favorable-news-coverage-likely-to-impact-newmarket-corporation-neu-stock-price.html
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