Quaker Chemical (NYSE:KWR) posted its quarterly earnings data on Thursday. The specialty chemicals company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.07, Briefing.com reports. Quaker Chemical had a return on equity of 17.27% and a net margin of 3.89%. The company had revenue of $222.02 million for the quarter, compared to the consensus estimate of $221.31 million. During the same quarter in the previous year, the business earned $1.32 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year.
Shares of NYSE KWR traded up $21.09 during mid-day trading on Friday, reaching $203.91. The company had a trading volume of 187,300 shares, compared to its average volume of 53,134. The company has a quick ratio of 2.15, a current ratio of 2.78 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 2.72 and a beta of 1.32. Quaker Chemical has a 1-year low of $137.95 and a 1-year high of $211.14.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Tuesday, October 16th. Quaker Chemical’s payout ratio is 29.54%.
In related news, VP D Jeffry Benoliel sold 2,000 shares of Quaker Chemical stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $167.93, for a total value of $335,860.00. Following the transaction, the vice president now directly owns 11,531 shares in the company, valued at approximately $1,936,400.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ronald S. Ettinger sold 663 shares of Quaker Chemical stock in a transaction on Monday, August 20th. The stock was sold at an average price of $173.50, for a total value of $115,030.50. Following the completion of the transaction, the vice president now owns 4,028 shares in the company, valued at $698,858. The disclosure for this sale can be found here. Insiders sold a total of 6,740 shares of company stock worth $1,183,579 over the last 90 days. Insiders own 3.20% of the company’s stock.
A number of research firms have recently commented on KWR. Zacks Investment Research raised Quaker Chemical from a “hold” rating to a “buy” rating and set a $216.00 price objective on the stock in a research note on Friday, October 12th. Sidoti boosted their price objective on Quaker Chemical from $151.00 to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 10th. B. Riley set a $170.00 price objective on Quaker Chemical and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Finally, Janney Montgomery Scott initiated coverage on Quaker Chemical in a report on Friday, July 13th. They issued a “neutral” rating and a $170.00 target price on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Quaker Chemical presently has a consensus rating of “Hold” and an average price target of $179.40.
About Quaker Chemical
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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