NewMarket (NYSE:NEU) Announces Quarterly Earnings Results

NewMarket (NYSE:NEU) released its quarterly earnings data on Monday. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter, Zacks reports. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket Stock Up 4.5 %

Shares of NYSE NEU opened at $506.50 on Wednesday. The stock’s 50-day simple moving average is $516.67 and its 200-day simple moving average is $535.56. NewMarket has a 1 year low of $480.00 and a 1 year high of $650.00. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 11.25 and a beta of 0.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83.

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.