NewMarket Corporation (NEU) Earns Daily News Sentiment Rating of 0.14
Media headlines about NewMarket Corporation (NYSE:NEU) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NewMarket Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 42.6037169853152 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
NewMarket Corporation (NYSE NEU) opened at 421.93 on Friday. The firm has a 50-day moving average of $454.30 and a 200-day moving average of $452.52. NewMarket Corporation has a 52 week low of $386.90 and a 52 week high of $483.86. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 20.51 and a beta of 0.74.
NewMarket Corporation (NYSE:NEU) last released its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $5.29 earnings per share for the quarter, missing analysts’ consensus estimates of $5.73 by $0.44. The firm had revenue of $547.20 million for the quarter, compared to analyst estimates of $570.10 million. NewMarket Corporation had a net margin of 11.57% and a return on equity of 46.94%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $5.50 EPS. Equities analysts forecast that NewMarket Corporation will post $20.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, September 14th. NewMarket Corporation’s dividend payout ratio (DPR) is 34.03%.
Separately, BidaskClub cut shares of NewMarket Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.
In other news, insider Robert A. Shama sold 230 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $458.60, for a total transaction of $105,478.00. Following the completion of the sale, the insider now owns 1,850 shares of the company’s stock, valued at approximately $848,410. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.83% of the company’s stock.
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.
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