Quaker Chemical Corp (NYSE:KWR) Expected to Post Quarterly Sales of $345.65 Million

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 equities analysts have recently weighed in on KWR shares. ValuEngine cut Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Zacks Investment Research cut Quaker Chemical from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Janney Montgomery Scott raised Quaker Chemical from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Quaker Chemical presently has an average rating of “Hold” and a consensus target price of $193.00.

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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