Brokerages Anticipate Quaker Chemical Corp (KWR) to Announce $1.26 EPS

Equities research analysts expect Quaker Chemical Corp (NYSE:KWR) to report earnings of $1.26 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Quaker Chemical’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.20. Quaker Chemical also posted earnings of $1.26 per share during the same quarter last year. The firm is expected to issue its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Quaker Chemical will report full year earnings of $5.00 per share for the current fiscal year, with EPS estimates ranging from $4.95 to $5.07. For the next year, analysts forecast that the company will post earnings of $5.57 per share, with EPS estimates ranging from $5.47 to $5.67. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Quaker Chemical.

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

KWR has been the topic of several recent analyst reports. Zacks Investment Research raised Quaker Chemical from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Jefferies Group reissued a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical in a report on Sunday, September 3rd. ValuEngine downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. FBR & Co set a $165.00 target price on Quaker Chemical and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, B. Riley set a $165.00 target price on Quaker Chemical and gave the stock a “hold” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Quaker Chemical has a consensus rating of “Hold” and an average target price of $163.50.

In other Quaker Chemical news, VP Jan Nieman sold 1,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $155.00, for a total transaction of $155,000.00. Following the transaction, the vice president now owns 12,636 shares of the company’s stock, valued at approximately $1,958,580. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Adrian Steeples sold 4,911 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $155.71, for a total value of $764,691.81. Following the transaction, the director now directly owns 6,193 shares in the company, valued at approximately $964,312.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,938 shares of company stock worth $3,936,305. Company insiders own 3.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Quaker Chemical 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 buying an additional 15,174 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Quaker Chemical by 17.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,073 shares of the specialty chemicals company’s stock worth $95,041,000 after buying an additional 94,167 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Quaker Chemical 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 buying an additional 37,365 shares in the last quarter. State Street Corp lifted its holdings in Quaker Chemical by 4.7% during the 2nd quarter. State Street Corp now owns 327,387 shares of the specialty chemicals company’s stock worth $47,550,000 after buying an additional 14,687 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Quaker Chemical by 0.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 247,111 shares of the specialty chemicals company’s stock worth $35,888,000 after buying an additional 876 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Quaker Chemical (NYSE:KWR) traded up $0.47 on Friday, hitting $151.30. The stock had a trading volume of 69,800 shares, compared to its average volume of 58,482. The firm has a market cap of $2,005.93, a P/E ratio of 30.11, a P/E/G ratio of 2.74 and a beta of 1.35. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. Quaker Chemical has a fifty-two week low of $124.92 and a fifty-two week high of $165.93.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, January 16th. Quaker Chemical’s dividend payout ratio is 40.00%.

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About Quaker Chemical

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.

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