PQ Group (NYSE:PQG) Issues FY19 Earnings Guidance

PQ Group (NYSE:PQG) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $0.77-0.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.87. The company issued revenue guidance of $1.58-1.60 billion, compared to the consensus revenue estimate of $1.64 billion.PQ Group also updated its FY 2019 guidance to $0.77-0.93 EPS.

Shares of NYSE:PQG traded down $0.16 during mid-day trading on Friday, reaching $14.42. 73,562 shares of the company’s stock were exchanged, compared to its average volume of 85,819. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68. The firm’s fifty day simple moving average is $15.67. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 1.28. PQ Group has a twelve month low of $13.18 and a twelve month high of $18.54.

PQ Group (NYSE:PQG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $431.70 million for the quarter, compared to analyst estimates of $440.92 million. PQ Group had a net margin of 4.77% and a return on equity of 7.05%. PQ Group’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. Sell-side analysts anticipate that PQ Group will post 0.81 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of PQ Group from a sell rating to a hold rating in a report on Friday.

In other news, insider Ray Kolberg sold 12,077 shares of PQ Group stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $15.87, for a total transaction of $191,661.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.60% of the stock is currently owned by insiders.

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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Earnings History and Estimates for PQ Group (NYSE:PQG)

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