Quaker Chemical (NYSE:KWR – Get Free Report) issued its quarterly earnings results on Monday. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.08), Briefing.com reports. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. The business had revenue of $463.57 million during the quarter, compared to analyst estimates of $493.68 million. During the same quarter in the previous year, the firm posted $1.93 earnings per share. The firm’s quarterly revenue was down 6.4% on a year-over-year basis.
Quaker Chemical Trading Up 1.4 %
KWR stock traded up $2.15 during trading on Thursday, hitting $160.56. The company had a trading volume of 110,373 shares, compared to its average volume of 94,023. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.53. Quaker Chemical has a one year low of $138.67 and a one year high of $221.94. The business has a 50-day moving average of $173.87 and a 200-day moving average of $187.32. The stock has a market cap of $2.89 billion, a PE ratio of 24.44, a PEG ratio of 1.36 and a beta of 1.40.
Quaker Chemical Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.485 dividend. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, October 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.21%. Quaker Chemical’s dividend payout ratio is presently 29.53%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on KWR
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.
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