Brokerages predict that Quaker Chemical Corp (NYSE:KWR) will post $208.76 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Quaker Chemical’s earnings, with the lowest sales estimate coming in at $206.31 million and the highest estimate coming in at $211.20 million. Quaker Chemical posted sales of $191.25 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.2%. The firm is expected to report its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Quaker Chemical will report full year sales of $208.76 million for the current financial year, with estimates ranging from $812.00 million to $820.20 million. For the next year, analysts anticipate that the company will report sales of $853.49 million per share, with estimates ranging from $842.78 million to $864.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Quaker Chemical.
Several research analysts recently issued reports on KWR shares. Zacks Investment Research raised shares of Quaker Chemical from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. FBR & Co set a $165.00 price target on shares of Quaker Chemical and gave the stock a “hold” rating in a report on Friday, October 27th. B. Riley reissued a “neutral” rating on shares of Quaker Chemical in a report on Wednesday, November 1st. Finally, ValuEngine cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $163.50.
Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in Quaker Chemical by 17.3% during the third 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 during the period. Virginia Retirement Systems ET AL acquired a new position in Quaker Chemical during the third quarter worth about $252,000. Crossmark Global Holdings Inc. acquired a new position in Quaker Chemical during the third quarter worth about $533,000. First Trust Advisors LP grew its position in Quaker Chemical by 14.2% during the third quarter. First Trust Advisors LP now owns 13,411 shares of the specialty chemicals company’s stock worth $1,984,000 after buying an additional 1,668 shares during the period. Finally, Chartwell Investment Partners LLC acquired a new position in Quaker Chemical during the third quarter worth about $3,481,000. Institutional investors own 84.32% of the company’s stock.
Quaker Chemical (KWR) opened at $145.87 on Wednesday. The stock has a market cap of $1,978.67, a PE ratio of 41.09, a P/E/G ratio of 2.40 and a beta of 1.31. Quaker Chemical has a 1-year low of $126.18 and a 1-year high of $165.93. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.16.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, January 16th. This represents a $1.42 annualized dividend and a yield of 0.97%. Quaker Chemical’s payout ratio is currently 40.00%.
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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