Quaker Houghton (NYSE:KWR) Issues Quarterly Earnings Results

Quaker Houghton (NYSE:KWR) announced its quarterly earnings data on Thursday. The specialty chemicals company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.29, FiscalAI reports. Quaker Houghton had a net margin of 4.80% and a return on equity of 9.90%. The business had revenue of $544.55 million during the quarter, compared to analyst estimates of $522.88 million. During the same period last year, the firm posted $2.08 EPS. The company’s revenue was up 10.3% on a year-over-year basis.

Quaker Houghton Trading Down 4.3%

Shares of NYSE KWR traded down $6.84 during trading hours on Friday, hitting $151.03. 250,989 shares of the company traded hands, compared to its average volume of 139,027. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.40. The company has a current ratio of 2.46, a quick ratio of 1.70 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average price is $158.76 and its 200 day moving average price is $150.44. Quaker Houghton has a 12 month low of $112.18 and a 12 month high of $183.01.

Insider Transactions at Quaker Houghton

In other Quaker Houghton news, Director William Osborne sold 600 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $168.31, for a total transaction of $100,986.00. Following the transaction, the director owned 616 shares in the company, valued at $103,678.96. The trade was a 49.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on KWR shares. Truist Financial reiterated a “buy” rating and issued a $190.00 price target (up from $172.00) on shares of Quaker Houghton in a report on Monday, August 3rd. Zacks Research downgraded shares of Quaker Houghton from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Wall Street Zen lowered Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada lifted their target price on Quaker Houghton from $198.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Quaker Houghton presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.

About Quaker Houghton

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.