Wall Street brokerages forecast that PQ Group Holdings Inc (NYSE:PQG) will announce $427.54 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for PQ Group’s earnings, with estimates ranging from $426.95 million to $428.12 million. PQ Group posted sales of $427.20 million in the same quarter last year, which suggests a positive year over year growth rate of 0.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 5th.
On average, analysts expect that PQ Group will report full year sales of $1.61 billion for the current financial year, with estimates ranging from $1.60 billion to $1.66 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.67 billion, with estimates ranging from $1.64 billion to $1.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow PQ Group.
PQ Group (NYSE:PQG) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.08. The business had revenue of $431.70 million for the quarter, compared to the consensus estimate of $440.92 million. PQ Group had a net margin of 4.77% and a return on equity of 7.00%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share.
A number of brokerages have recently issued reports on PQG. Nomura set a $19.00 price target on shares of PQ Group and gave the stock a “buy” rating in a report on Monday, August 12th. Zacks Investment Research raised shares of PQ Group from a “sell” rating to a “hold” rating in a report on Friday, August 9th.
Shares of PQ Group stock traded down $0.11 on Thursday, reaching $15.88. The stock had a trading volume of 148,687 shares, compared to its average volume of 65,142. PQ Group has a 1 year low of $13.18 and a 1 year high of $18.54. The company has a market cap of $2.18 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.17 and a beta of 0.72. The company has a current ratio of 2.46, a quick ratio of 1.40 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $14.73 and its two-hundred day moving average is $15.47.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of PQ Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 3,557,770 shares of the company’s stock worth $56,391,000 after buying an additional 28,837 shares in the last quarter. BlackRock Inc. increased its position in shares of PQ Group by 5.8% in the second quarter. BlackRock Inc. now owns 2,620,665 shares of the company’s stock worth $41,537,000 after purchasing an additional 143,131 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of PQ Group by 5.2% in the second quarter. Wells Fargo & Company MN now owns 1,705,037 shares of the company’s stock worth $27,025,000 after purchasing an additional 84,419 shares during the last quarter. Northern Trust Corp increased its position in shares of PQ Group by 46.3% in the second quarter. Northern Trust Corp now owns 672,188 shares of the company’s stock worth $10,654,000 after purchasing an additional 212,793 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of PQ Group by 65.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 656,680 shares of the company’s stock worth $9,726,000 after purchasing an additional 259,078 shares during the last quarter. 68.70% of the stock is currently owned by hedge funds and other institutional investors.
PQ Group Company Profile
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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