Equities research analysts expect Quaker Chemical Corp (NYSE:KWR) to report $1.36 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Quaker Chemical’s earnings. The lowest EPS estimate is $1.25 and the highest is $1.47. Quaker Chemical posted earnings of $1.51 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.9%. The firm is scheduled to report its next earnings report on Thursday, February 27th.
On average, analysts expect that Quaker Chemical will report full-year earnings of $5.87 per share for the current financial year, with EPS estimates ranging from $5.75 to $6.00. For the next year, analysts expect that the business will report earnings of $7.03 per share, with EPS estimates ranging from $6.80 to $7.33. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Quaker Chemical.
Quaker Chemical (NYSE:KWR) last announced its earnings results on Tuesday, November 12th. The specialty chemicals company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.16. Quaker Chemical had a return on equity of 13.39% and a net margin of 2.54%. The firm had revenue of $325.10 million during the quarter, compared to the consensus estimate of $324.93 million. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue for the quarter was up 46.4% compared to the same quarter last year.
In related news, insider (Steve) Brockhurst Stephen 250,000 shares of the stock in a transaction dated Monday, November 25th. 2.90% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in KWR. Arizona State Retirement System lifted its position in shares of Quaker Chemical by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 20,684 shares of the specialty chemicals company’s stock worth $4,196,000 after acquiring an additional 108 shares during the period. Virginia Retirement Systems ET AL bought a new stake in shares of Quaker Chemical in the 2nd quarter worth approximately $243,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Quaker Chemical by 241.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,001 shares of the specialty chemicals company’s stock worth $406,000 after acquiring an additional 1,415 shares during the period. First Trust Advisors LP lifted its position in shares of Quaker Chemical by 561.3% in the 2nd quarter. First Trust Advisors LP now owns 13,298 shares of the specialty chemicals company’s stock worth $2,698,000 after acquiring an additional 11,287 shares during the period. Finally, Aperio Group LLC lifted its position in shares of Quaker Chemical by 1.2% in the 2nd quarter. Aperio Group LLC now owns 6,138 shares of the specialty chemicals company’s stock worth $1,245,000 after acquiring an additional 70 shares during the period. Institutional investors own 74.92% of the company’s stock.
NYSE:KWR traded down $1.28 during mid-day trading on Monday, hitting $158.80. 96,708 shares of the company’s stock traded hands, compared to its average volume of 125,485. The firm has a 50 day moving average of $152.23 and a two-hundred day moving average of $168.85. Quaker Chemical has a 12 month low of $141.79 and a 12 month high of $224.30. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.91 and a beta of 1.47. The company has a current ratio of 2.10, a quick ratio of 1.59 and a debt-to-equity ratio of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.385 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.97%. Quaker Chemical’s dividend payout ratio is currently 25.50%.
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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