Wall Street analysts forecast that PQ Group Holdings (NYSE:PQG) will post earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for PQ Group’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.14. The firm is scheduled to announce its next quarterly earnings results on Wednesday, June 20th.
On average, analysts expect that PQ Group will report full-year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.15. For the next financial year, analysts expect that the firm will report earnings of $1.18 per share, with EPS estimates ranging from $1.00 to $1.40. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover PQ Group.
PQ Group (NYSE:PQG) last posted its quarterly earnings data on Wednesday, March 21st. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $358.10 million for the quarter, compared to analyst estimates of $341.30 million. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year.
Several equities research analysts have recently issued reports on PQG shares. Zacks Investment Research upgraded PQ Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. BMO Capital Markets started coverage on PQ Group in a report on Tuesday, March 27th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, KeyCorp decreased their price objective on PQ Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. PQ Group presently has a consensus rating of “Buy” and an average price target of $19.77.
In related news, insider David James Taylor acquired 15,000 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were bought at an average cost of $14.39 per share, with a total value of $215,850.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kyle D. Vann acquired 10,000 shares of the business’s stock in a transaction on Friday, March 23rd. The stock was bought at an average cost of $14.50 per share, for a total transaction of $145,000.00. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in PQ Group in the fourth quarter valued at about $138,000. Salem Investment Counselors Inc. purchased a new position in PQ Group in the fourth quarter valued at about $165,000. Metropolitan Life Insurance Co. NY purchased a new position in PQ Group in the fourth quarter valued at about $269,000. Paloma Partners Management Co purchased a new stake in shares of PQ Group during the fourth quarter worth about $287,000. Finally, Rhumbline Advisers purchased a new stake in shares of PQ Group during the fourth quarter worth about $319,000. 68.55% of the stock is currently owned by institutional investors.
PQG stock opened at $14.81 on Tuesday. PQ Group has a 52-week low of $12.88 and a 52-week high of $17.65. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.99 and a current ratio of 1.90.
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About PQ Group
PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services. The company operates through two segments, Environmental Catalysts and Services: and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels emissions controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.
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