NewMarket (NYSE:NEU) announced its quarterly earnings data on Tuesday. The specialty chemicals company reported $3.05 EPS for the quarter, missing the Zacks’ consensus estimate of $3.62 by ($0.57), Yahoo Finance reports. NewMarket had a return on equity of 38.19% and a net margin of 8.67%. The business had revenue of $559.98 million for the quarter, compared to analyst estimates of $522.10 million. During the same quarter in the previous year, the business posted $3.86 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year.
Shares of NewMarket (NEU) traded down $3.27 during midday trading on Thursday, reaching $392.73. The company’s stock had a trading volume of 45,466 shares, compared to its average volume of 34,214. NewMarket has a 12-month low of $373.59 and a 12-month high of $483.86. The firm has a market cap of $4,516.15, a price-to-earnings ratio of 24.57 and a beta of 0.81. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.74 and a quick ratio of 1.50.
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.
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