Quaker Chemical (NYSE:KWR) Releases Earnings Results

Quaker Chemical (NYSE:KWR) announced its quarterly earnings data on Thursday. The specialty chemicals company reported $1.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.56, RTT News reports. Quaker Chemical had a net margin of 6.99% and a return on equity of 18.73%. The company had revenue of $205.87 million for the quarter, compared to the consensus estimate of $223.15 million. During the same period in the prior year, the firm posted $1.56 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year.

Shares of Quaker Chemical stock traded down $13.61 during trading hours on Friday, hitting $168.66. The company had a trading volume of 153,292 shares, compared to its average volume of 72,584. The company’s 50-day moving average price is $193.00. Quaker Chemical has a twelve month low of $162.87 and a twelve month high of $224.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.02 and a current ratio of 2.65. The firm has a market cap of $2.25 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.51 and a beta of 1.52.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a $0.385 dividend. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $1.54 annualized dividend and a dividend yield of 0.91%. Quaker Chemical’s dividend payout ratio is presently 25.50%.

In other news, Director Donald R. Caldwell sold 250 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $201.65, for a total value of $50,412.50. Following the completion of the transaction, the director now owns 5,071 shares in the company, valued at approximately $1,022,567.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

A number of brokerages have commented on KWR. Zacks Investment Research raised shares of Quaker Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Janney Montgomery Scott upgraded shares of Quaker Chemical from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Finally, ValuEngine cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $193.00.

Quaker Chemical Company Profile

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. The company's 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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Earnings History for Quaker Chemical (NYSE:KWR)

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