PQ Group (NYSE:PQG) Updates FY 2020 Pre-Market Earnings Guidance

PQ Group (NYSE:PQG) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 0.67-0.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.74. The company issued revenue guidance of $1.43-1.46 billion, compared to the consensus revenue estimate of $1.45 billion.PQ Group also updated its FY20 guidance to $0.67 to $0.86 EPS.

Shares of PQ Group stock opened at $12.27 on Friday. The business has a 50-day moving average price of $13.16 and a 200 day moving average price of $12.80. PQ Group has a fifty-two week low of $8.50 and a fifty-two week high of $17.26. The firm has a market cap of $1.68 billion, a P/E ratio of 26.67 and a beta of 0.96. The company has a quick ratio of 1.40, a current ratio of 2.48 and a debt-to-equity ratio of 1.15.

PQ Group (NYSE:PQG) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The firm had revenue of $359.50 million for the quarter, compared to the consensus estimate of $354.56 million. PQ Group had a return on equity of 6.73% and a net margin of 4.13%. As a group, equities research analysts anticipate that PQ Group will post 0.71 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. Citigroup increased their price objective on shares of PQ Group from $10.30 to $11.50 and gave the stock a neutral rating in a research note on Thursday, April 9th. Zacks Investment Research raised PQ Group from a hold rating to a buy rating and set a $15.00 price target on the stock in a report on Wednesday. Finally, BMO Capital Markets reduced their price objective on PQ Group from $23.00 to $19.00 and set an outperform rating for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $16.92.

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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