NewMarket (NYSE:NEU) Posts Quarterly Earnings Results

NewMarket (NYSE:NEU) posted its quarterly earnings data on Monday. The specialty chemicals company reported $11.63 earnings per share for the quarter, Zacks reports. The firm had revenue of $710.23 million for the quarter. NewMarket had a net margin of 15.12% and a return on equity of 37.06%.

NewMarket Trading Up 0.6 %

NYSE:NEU traded up $3.15 during trading hours on Thursday, reaching $564.02. The company’s stock had a trading volume of 1,287 shares, compared to its average volume of 39,904. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 13.51 and a beta of 0.47. The firm has a 50-day simple moving average of $532.81 and a 200-day simple moving average of $571.84. NewMarket has a 1 year low of $436.90 and a 1 year high of $650.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.60 and a current ratio of 2.66.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th.

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.