Zacks: Brokerages Anticipate Quaker Chemical Corp (KWR) Will Post Earnings of $1.51 Per Share
Wall Street brokerages expect Quaker Chemical Corp (NYSE:KWR) to announce earnings per share (EPS) of $1.51 for the current quarter, Zacks reports. Three analysts have made estimates for Quaker Chemical’s earnings, with estimates ranging from $1.42 to $1.56. Quaker Chemical posted earnings per share of $1.33 during the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The company is scheduled to issue its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Quaker Chemical will report full year earnings of $5.93 per share for the current year, with EPS estimates ranging from $5.72 to $6.05. For the next year, analysts forecast that the firm will post earnings of $6.71 per share, with EPS estimates ranging from $6.12 to $7.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Quaker Chemical.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Monday, July 30th. The specialty chemicals company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Quaker Chemical had a net margin of 3.89% and a return on equity of 17.27%. The firm had revenue of $221.96 million during the quarter, compared to analysts’ expectations of $214.72 million. During the same period in the previous year, the company earned $1.24 earnings per share. Quaker Chemical’s quarterly revenue was up 10.3% compared to the same quarter last year.
KWR traded up $1.55 on Friday, reaching $199.49. The company had a trading volume of 20,865 shares, compared to its average volume of 37,997. Quaker Chemical has a 1 year low of $137.95 and a 1 year high of $200.00. The stock has a market cap of $2.61 billion, a PE ratio of 39.82, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.78 and a quick ratio of 2.15.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be issued a $0.37 dividend. The ex-dividend date is Tuesday, October 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.74%. Quaker Chemical’s payout ratio is 29.54%.
In other news, VP Joseph A. Berquist sold 500 shares of the company’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $170.84, for a total value of $85,420.00. Following the completion of the sale, the vice president now directly owns 11,411 shares of the company’s stock, valued at $1,949,455.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joseph A. Berquist sold 1,000 shares of the company’s stock in a transaction dated 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 directly owns 10,411 shares of the company’s stock, valued at $1,984,753.04. The disclosure for this sale can be found here. Insiders sold 8,520 shares of company stock valued at $1,486,414 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in Quaker Chemical by 22,999.3% during the second quarter. Advisors Asset Management Inc. now owns 821,411 shares of the specialty chemicals company’s stock worth $520,000 after purchasing an additional 817,855 shares in the last quarter. BlackRock Inc. raised its holdings in Quaker Chemical by 7.2% during the second quarter. BlackRock Inc. now owns 1,810,056 shares of the specialty chemicals company’s stock worth $280,323,000 after purchasing an additional 120,989 shares in the last quarter. Mainstay Capital Management LLC ADV purchased a new position in Quaker Chemical during the second quarter worth about $721,000. Cortina Asset Management LLC raised its holdings in Quaker Chemical by 57.6% during the first quarter. Cortina Asset Management LLC now owns 89,910 shares of the specialty chemicals company’s stock worth $13,318,000 after purchasing an additional 32,863 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in Quaker Chemical by 11.2% during the second quarter. Macquarie Group Ltd. now owns 275,731 shares of the specialty chemicals company’s stock worth $42,702,000 after purchasing an additional 27,824 shares in the last quarter. 98.17% of the stock is owned by institutional investors and hedge funds.
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. 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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