Equities research analysts forecast that Quaker Chemical Corp (NYSE:KWR) will report $1.31 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Quaker Chemical’s earnings. The highest EPS estimate is $1.41 and the lowest is $1.25. Quaker Chemical posted earnings per share of $1.18 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11%. The business is expected to announce its next earnings report after the market closes on Monday, April 30th.
According to Zacks, analysts expect that Quaker Chemical will report full-year earnings of $5.63 per share for the current year, with EPS estimates ranging from $5.15 to $6.11. For the next year, analysts expect that the company will post earnings of $6.74 per share, with EPS estimates ranging from $6.25 to $7.22. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Quaker Chemical.
Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Wednesday, February 28th. The specialty chemicals company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.01. The company had revenue of $211.10 million for the quarter, compared to analyst estimates of $208.07 million. Quaker Chemical had a net margin of 2.47% and a return on equity of 15.48%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share.
KWR has been the topic of a number of recent research reports. ValuEngine raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research raised shares of Quaker Chemical from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a research report on Thursday, March 22nd. TheStreet lowered shares of Quaker Chemical from a “b” rating to a “c+” rating in a research report on Monday, March 5th. Seaport Global Securities reaffirmed a “hold” rating and set a $165.00 price target on shares of Quaker Chemical in a research report on Friday, March 16th. Finally, B. Riley set a $165.00 price target on shares of Quaker Chemical and gave the stock a “hold” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $164.00.
Shares of KWR traded down $2.66 during trading hours on Friday, hitting $154.16. The company had a trading volume of 22,282 shares, compared to its average volume of 61,122. The firm has a market capitalization of $2,067.50, a PE ratio of 30.95, a PEG ratio of 2.51 and a beta of 1.30. Quaker Chemical has a 12 month low of $129.98 and a 12 month high of $165.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.63 and a quick ratio of 2.06.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, April 13th. Quaker Chemical’s dividend payout ratio is 28.34%.
In other Quaker Chemical news, CEO Michael F. Barry sold 1,250 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $160.13, for a total value of $200,162.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Joseph F. Matrange sold 397 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $155.34, for a total transaction of $61,669.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,186 shares of company stock worth $1,399,442. 3.20% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in KWR. Cortina Asset Management LLC acquired a new stake in Quaker Chemical during the 4th quarter worth approximately $8,602,000. California Public Employees Retirement System lifted its stake in Quaker Chemical by 2.5% in the third quarter. California Public Employees Retirement System now owns 51,248 shares of the specialty chemicals company’s stock worth $7,582,000 after acquiring an additional 1,248 shares during the period. Pennsylvania Trust Co lifted its stake in Quaker Chemical by 121.7% in the fourth quarter. Pennsylvania Trust Co now owns 6,874 shares of the specialty chemicals company’s stock worth $1,036,000 after acquiring an additional 3,774 shares during the period. GW&K Investment Management LLC lifted its stake in Quaker Chemical by 1.7% in the fourth quarter. GW&K Investment Management LLC now owns 117,249 shares of the specialty chemicals company’s stock worth $17,680,000 after acquiring an additional 2,002 shares during the period. Finally, Rhumbline Advisers lifted its stake in Quaker Chemical by 11.6% in the fourth quarter. Rhumbline Advisers now owns 37,119 shares of the specialty chemicals company’s stock worth $5,597,000 after acquiring an additional 3,844 shares during the period. 92.16% of the stock is currently owned by hedge funds and other institutional investors.
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Quaker Chemical Company Profile
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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