Equities analysts expect that PQ Group Holdings Inc (NYSE:PQG) will post earnings per share of $0.09 for the current quarter, according to Zacks. Two analysts have made estimates for PQ Group’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.06. PQ Group reported earnings per share of $0.17 during the same quarter last year, which would indicate a negative year over year growth rate of 47.1%. The business is expected to announce its next quarterly earnings results on Thursday, February 20th.
According to Zacks, analysts expect that PQ Group will report full year earnings of $0.88 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.90. For the next financial year, analysts expect that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.70 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow PQ Group.
PQ Group (NYSE:PQG) last posted its earnings results on Thursday, October 31st. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.07. PQ Group had a return on equity of 7.68% and a net margin of 5.56%. The firm had revenue of $423.80 million during the quarter, compared to analyst estimates of $425.54 million. During the same period in the previous year, the company earned $0.26 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis.
Several research firms recently weighed in on PQG. CL King began coverage on PQ Group in a report on Wednesday, December 18th. They issued a “buy” rating for the company. Goldman Sachs Group lowered PQ Group from a “neutral” rating to a “sell” rating in a report on Wednesday, November 27th. Zacks Investment Research upgraded PQ Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Craig Hallum initiated coverage on PQ Group in a report on Wednesday, December 18th. They issued a “buy” rating for the company. Finally, TheStreet downgraded PQ Group from a “b-” rating to a “c” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.67.
PQG traded down $0.04 on Wednesday, hitting $16.56. The company had a trading volume of 60,612 shares, compared to its average volume of 88,493. The company’s fifty day moving average price is $16.36 and its 200 day moving average price is $15.74. PQ Group has a 1-year low of $13.18 and a 1-year high of $17.59. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.25 and a quick ratio of 1.26. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75.
Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp increased its position in PQ Group by 3.2% in the 3rd quarter. State Street Corp now owns 741,240 shares of the company’s stock worth $11,815,000 after buying an additional 22,871 shares during the period. Parametric Portfolio Associates LLC increased its position in PQ Group by 17.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 62,803 shares of the company’s stock worth $995,000 after buying an additional 9,365 shares during the period. Rhumbline Advisers increased its position in PQ Group by 9.3% in the 3rd quarter. Rhumbline Advisers now owns 60,696 shares of the company’s stock worth $967,000 after buying an additional 5,158 shares during the period. California Public Employees Retirement System increased its position in PQ Group by 14.7% in the 3rd quarter. California Public Employees Retirement System now owns 98,818 shares of the company’s stock worth $1,575,000 after buying an additional 12,661 shares during the period. Finally, LGT Capital Partners LTD. increased its position in PQ Group by 25.1% in the 4th quarter. LGT Capital Partners LTD. now owns 274,000 shares of the company’s stock worth $4,707,000 after buying an additional 55,000 shares during the period. 68.64% of the stock is currently owned by 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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