Equities research analysts forecast that PQ Group Holdings (NYSE:PQG) will announce $0.29 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for PQ Group’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.33. The company is expected to report its next quarterly earnings report on Thursday, August 9th.
According to Zacks, analysts expect that PQ Group will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.00. For the next year, analysts expect that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $1.00 to $1.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for PQ Group.
PQ Group (NYSE:PQG) last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $366.20 million during the quarter, compared to the consensus estimate of $350.09 million. The business’s quarterly revenue was up 10.0% on a year-over-year basis.
Several analysts recently weighed in on PQG shares. Zacks Investment Research downgraded shares of PQ Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 24th. BMO Capital Markets started coverage on shares of PQ Group in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, KeyCorp cut their price objective on shares of PQ Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $19.77.
Shares of PQ Group stock traded down $0.10 during trading hours on Friday, reaching $13.87. The company’s stock had a trading volume of 1,182 shares, compared to its average volume of 112,897. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.99 and a current ratio of 1.90. PQ Group has a one year low of $13.70 and a one year high of $14.08. The company has a market cap of $1.92 billion and a P/E ratio of 30.26.
In related news, Director Kyle D. Vann bought 10,000 shares of the stock in a transaction on Friday, March 23rd. The shares were purchased at an average price of $14.50 per share, with a total value of $145,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David James Taylor bought 15,000 shares of the stock in a transaction on Friday, March 23rd. The shares were bought at an average cost of $14.39 per share, for a total transaction of $215,850.00. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Foresters Investment Management Company Inc. increased its stake in PQ Group by 31.6% during the 1st quarter. Foresters Investment Management Company Inc. now owns 345,500 shares of the company’s stock valued at $4,827,000 after buying an additional 83,000 shares during the period. New York State Common Retirement Fund acquired a new position in PQ Group during the 1st quarter valued at about $278,000. JPMorgan Chase & Co. increased its stake in PQ Group by 18.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,910,014 shares of the company’s stock valued at $68,593,000 after buying an additional 770,531 shares during the period. Federated Investors Inc. PA increased its stake in PQ Group by 122.7% during the 1st quarter. Federated Investors Inc. PA now owns 543,265 shares of the company’s stock valued at $7,589,000 after buying an additional 299,315 shares during the period. Finally, BlackRock Inc. increased its stake in PQ Group by 5.3% during the 1st quarter. BlackRock Inc. now owns 1,832,769 shares of the company’s stock valued at $25,604,000 after buying an additional 91,941 shares during the period. 68.52% of the stock is currently owned by hedge funds and other institutional investors.
About PQ Group
PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in 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 and emission 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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