Quaker Chemical (KWR) to Release Earnings on Thursday

Quaker Chemical (NYSE:KWR) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.97 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Friday, March 1st. The specialty chemicals company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.11. The firm had revenue of $467.11 million for the quarter, compared to analysts’ expectations of $470.55 million. Quaker Chemical had a net margin of 5.77% and a return on equity of 10.22%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 earnings per share. On average, analysts expect Quaker Chemical to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Quaker Chemical Stock Up 0.1 %

NYSE KWR opened at $190.46 on Tuesday. Quaker Chemical has a 1 year low of $138.67 and a 1 year high of $221.94. The stock has a market capitalization of $3.43 billion, a PE ratio of 30.42, a PEG ratio of 1.47 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.52 and a quick ratio of 1.89. The business’s 50-day moving average is $197.71 and its 200 day moving average is $188.97.

Quaker Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Monday, April 15th. Quaker Chemical’s dividend payout ratio (DPR) is currently 29.07%.

Quaker Chemical declared that its board has initiated a stock buyback plan on Wednesday, February 28th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the specialty chemicals company to repurchase up to 4.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a report on Monday, March 4th. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd.

Quaker Chemical Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.