Quaker Chemical Corporation (NYSE:KWR) issued its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24, Bloomberg Earnings reports. The business had revenue of $201.18 million for the quarter, compared to analysts’ expectations of $197.23 million. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS.
Quaker Chemical Corporation (KWR) traded down 0.42% during midday trading on Tuesday, reaching $135.53. 50,700 shares of the company were exchanged. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 34.45 and a beta of 1.22. The company has a 50 day moving average of $145.46 and a 200-day moving average of $138.36. Quaker Chemical Corporation has a 52-week low of $96.09 and a 52-week high of $154.38.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were paid a $0.355 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.42 dividend on an annualized basis and a yield of 1.05%. This is a boost from Quaker Chemical Corporation’s previous quarterly dividend of $0.35. Quaker Chemical Corporation’s dividend payout ratio (DPR) is currently 36.13%.
KWR has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Wednesday, May 10th. Jefferies Group LLC reissued a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research note on Wednesday, July 19th. FBR & Co reissued a “marketperform” rating on shares of Quaker Chemical Corporation in a research note on Tuesday, July 11th. Finally, BidaskClub cut shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.
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In other Quaker Chemical Corporation news, Director Donald R. Caldwell sold 1,800 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total value of $251,190.00. Following the sale, the director now owns 9,281 shares of the company’s stock, valued at $1,295,163.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald R. Caldwell sold 1,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $138.60, for a total value of $138,600.00. Following the completion of the sale, the director now directly owns 9,210 shares in the company, valued at approximately $1,276,506. The disclosure for this sale can be found here. Insiders sold 13,800 shares of company stock worth $1,942,860 in the last three months. 3.60% of the stock is owned by corporate insiders.
About Quaker Chemical Corporation
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
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