FBR & Co Weighs in on Quaker Chemical Corporation’s Q4 2017 Earnings (KWR)

Quaker Chemical Corporation (NYSE:KWR) – Analysts at FBR & Co upped their Q4 2017 earnings estimates for shares of Quaker Chemical Corporation in a note issued to investors on Friday. FBR & Co analyst L. Burke now expects that the specialty chemicals company will earn $1.33 per share for the quarter, up from their previous estimate of $1.23. FBR & Co has a “Hold” rating and a $165.00 price objective on the stock.

Quaker Chemical Corporation (NYSE:KWR) last announced its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. Quaker Chemical Corporation had a return on equity of 15.43% and a net margin of 5.93%. The business had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $200.71 million. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year.

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Several other equities research analysts have also commented on the company. Zacks Investment Research raised Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research note on Wednesday. Jefferies Group LLC reissued a “hold” rating and set a $153.00 price target on shares of Quaker Chemical Corporation in a research note on Sunday, September 3rd. Finally, BidaskClub raised Quaker Chemical Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.

Shares of Quaker Chemical Corporation (KWR) traded up 0.42% during trading on Monday, hitting $155.97. The company’s stock had a trading volume of 15,366 shares. The company has a 50-day moving average price of $148.97 and a 200-day moving average price of $143.70. The stock has a market cap of $2.08 billion, a PE ratio of 39.65 and a beta of 1.24. Quaker Chemical Corporation has a one year low of $104.36 and a one year high of $158.15.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Quaker Chemical Corporation by 82,132.2% during the 1st quarter. BlackRock Inc. now owns 1,568,991 shares of the specialty chemicals company’s stock worth $206,573,000 after purchasing an additional 1,567,083 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Quaker Chemical Corporation by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,187,965 shares of the specialty chemicals company’s stock worth $172,528,000 after purchasing an additional 15,174 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Quaker Chemical Corporation by 6.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 610,234 shares of the specialty chemicals company’s stock worth $88,624,000 after purchasing an additional 37,365 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Quaker Chemical Corporation by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 543,906 shares of the specialty chemicals company’s stock worth $78,991,000 after purchasing an additional 33,085 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Quaker Chemical Corporation by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 517,220 shares of the specialty chemicals company’s stock worth $68,097,000 after purchasing an additional 1,340 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

In related news, VP Jan Nieman sold 1,000 shares of Quaker Chemical Corporation stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the vice president now directly owns 14,636 shares in the company, valued at approximately $2,122,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 4,000 shares of company stock valued at $590,000 over the last 90 days. Insiders own 3.60% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were given a dividend of $0.355 per share. The ex-dividend date was Monday, October 16th. This represents a $1.42 annualized dividend and a dividend yield of 0.91%. Quaker Chemical Corporation’s dividend payout ratio is currently 40.00%.

About Quaker Chemical Corporation

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.

Earnings History and Estimates for Quaker Chemical Corporation (NYSE:KWR)

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