Wall Street analysts forecast that Quaker Chemical Corp (NYSE:KWR) will report sales of $345.65 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Quaker Chemical’s earnings. The lowest sales estimate is $335.30 million and the highest is $356.00 million. Quaker Chemical posted sales of $222.02 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 55.7%. The firm is scheduled to announce its next earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Quaker Chemical will report full-year sales of $1.18 billion for the current fiscal year, with estimates ranging from $1.15 billion to $1.20 billion. For the next financial year, analysts expect that the company will report sales of $1.65 billion, with estimates ranging from $1.61 billion to $1.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Quaker Chemical.
Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, August 1st. The specialty chemicals company reported $1.56 EPS for the quarter, meeting the consensus estimate of $1.56. Quaker Chemical had a return on equity of 18.35% and a net margin of 6.69%. The business had revenue of $205.87 million for the quarter, compared to the consensus estimate of $223.15 million. During the same period last year, the business posted $1.56 EPS. The company’s revenue was down 7.2% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Quaker Chemical by 0.5% in the 2nd quarter. BlackRock Inc. now owns 1,914,617 shares of the specialty chemicals company’s stock worth $388,437,000 after purchasing an additional 9,512 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Quaker Chemical by 36.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,426,977 shares of the specialty chemicals company’s stock worth $289,505,000 after purchasing an additional 380,431 shares during the period. JPMorgan Chase & Co. raised its holdings in Quaker Chemical by 3.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 742,144 shares of the specialty chemicals company’s stock worth $145,750,000 after purchasing an additional 22,997 shares during the period. Northern Trust Corp raised its holdings in Quaker Chemical by 0.9% in the 2nd quarter. Northern Trust Corp now owns 185,978 shares of the specialty chemicals company’s stock worth $37,731,000 after purchasing an additional 1,658 shares during the period. Finally, Copeland Capital Management LLC raised its holdings in Quaker Chemical by 21.3% in the 2nd quarter. Copeland Capital Management LLC now owns 165,914 shares of the specialty chemicals company’s stock worth $33,660,000 after purchasing an additional 29,122 shares during the period. 97.67% of the stock is currently owned by hedge funds and other institutional investors.
KWR traded down $1.32 during trading on Monday, hitting $155.33. 103,411 shares of the company’s stock traded hands, compared to its average volume of 95,614. The company’s 50 day simple moving average is $178.88 and its two-hundred day simple moving average is $197.15. The company has a current ratio of 2.69, a quick ratio of 2.07 and a debt-to-equity ratio of 0.07. Quaker Chemical has a 12-month low of $154.62 and a 12-month high of $224.30. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.38 and a beta of 1.52.
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. The company's 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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