Quaker Chemical Corp (NYSE:KWR) – Equities research analysts at Seaport Global Securities lowered their FY2018 earnings per share estimates for Quaker Chemical in a research note issued to investors on Wednesday, October 17th. Seaport Global Securities analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $5.93 per share for the year, down from their previous estimate of $6.02. Seaport Global Securities also issued estimates for Quaker Chemical’s Q1 2019 earnings at $1.50 EPS, Q2 2019 earnings at $1.68 EPS, Q4 2019 earnings at $1.78 EPS and FY2019 earnings at $6.72 EPS.
Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, July 30th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.13. Quaker Chemical had a return on equity of 17.27% and a net margin of 3.89%. The company had revenue of $221.96 million during the quarter, compared to the consensus estimate of $214.72 million. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year.
NYSE:KWR opened at $188.51 on Friday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 2.98 and a beta of 1.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.78 and a quick ratio of 2.15. Quaker Chemical has a fifty-two week low of $137.95 and a fifty-two week high of $204.49.
Hedge funds have recently made changes to their positions in the company. Fruth Investment Management acquired a new stake in shares of Quaker Chemical during the 3rd quarter worth approximately $202,000. Sei Investments Co. grew its position in shares of Quaker Chemical by 391.8% during the 1st quarter. Sei Investments Co. now owns 1,446 shares of the specialty chemicals company’s stock worth $214,000 after buying an additional 1,152 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Quaker Chemical during the 2nd quarter worth approximately $253,000. New England Research & Management Inc. acquired a new stake in shares of Quaker Chemical during the 3rd quarter worth approximately $253,000. Finally, BLB&B Advisors LLC acquired a new stake in shares of Quaker Chemical during the 3rd quarter worth approximately $260,000. 93.73% of the stock is owned by institutional investors.
In other Quaker Chemical news, VP Joseph A. Berquist sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $190.64, for a total transaction of $190,640.00. Following the completion of the sale, the vice president now owns 10,411 shares of the company’s stock, valued at approximately $1,984,753.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jan Nieman sold 1,243 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $170.00, for a total transaction of $211,310.00. Following the sale, the vice president now directly owns 3,513 shares of the company’s stock, valued at approximately $597,210. The disclosure for this sale can be found here. Insiders have sold a total of 8,491 shares of company stock valued at $1,481,629 in the last three months. Insiders own 3.20% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 16th. Quaker Chemical’s dividend payout ratio is presently 29.54%.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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