PQ Group (NYSE:PQG) Updates FY 2019 Earnings Guidance

PQ Group (NYSE:PQG) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.77-0.93 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.88. The company issued revenue guidance of $1.58-1.6 billion, compared to the consensus revenue estimate of $1.64 billion.PQ Group also updated its FY19 guidance to $0.77-0.93 EPS.

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

Shares of NYSE PQG traded down $0.16 during midday trading on Friday, hitting $14.42. The stock had a trading volume of 73,562 shares, compared to its average volume of 85,819. The firm has a market capitalization of $1.98 billion, a P/E ratio of 16.76, a PEG ratio of 1.12 and a beta of 0.68. The company’s 50 day simple moving average is $15.67. PQ Group has a 1 year low of $13.18 and a 1 year high of $18.54. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.17 and a quick ratio of 1.09.

PQ Group (NYSE:PQG) last released its earnings results on Thursday, August 8th. The company reported $0.31 earnings per share for the quarter, beating the 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 return on equity of 7.05% and a net margin of 4.77%. During the same quarter last year, the business posted $0.28 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that PQ Group will post 0.81 earnings per share for the current year.

In related news, insider Ray Kolberg sold 12,077 shares of PQ Group stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $15.87, for a total transaction of $191,661.99. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.

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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