Quaker Chemical (NYSE:KWR) Issues Earnings Results, Misses Estimates By $0.08 EPS

Quaker Chemical (NYSE:KWR) 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

Several research analysts have recently weighed in on the stock. Piper Sandler began coverage on shares of Quaker Chemical in a research note on Thursday, May 16th. They set an “overweight” rating and a $220.00 price objective on the stock. Royal Bank of Canada lowered their price target on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

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.