Wall Street brokerages predict that Quaker Chemical Corp (NYSE:KWR) will report $1.58 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Quaker Chemical’s earnings, with the lowest EPS estimate coming in at $1.36 and the highest estimate coming in at $1.77. Quaker Chemical reported earnings per share of $1.60 in the same quarter last year, which would suggest a negative year over year growth rate of 1.3%. The business is scheduled to report its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Quaker Chemical will report full year earnings of $6.11 per share for the current year, with EPS estimates ranging from $5.77 to $6.40. For the next year, analysts forecast that the firm will post earnings of $7.55 per share, with EPS estimates ranging from $7.35 to $7.81. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Quaker Chemical.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting the consensus estimate of $1.56. The business had revenue of $205.87 million during the quarter, compared to the consensus estimate of $223.15 million. Quaker Chemical had a return on equity of 18.35% and a net margin of 6.69%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the company earned $1.56 earnings per share.

KWR has been the subject of several recent analyst reports. Janney Montgomery Scott raised Quaker Chemical from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Zacks Investment Research downgraded Quaker Chemical from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, ValuEngine downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $193.00.

In related news, CEO Michael F. Barry sold 3,834 shares of Quaker Chemical stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $159.02, for a total transaction of $609,682.68. Following the completion of the sale, the chief executive officer now owns 156,301 shares of the company’s stock, valued at $24,854,985.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Sheets Smith Wealth Management acquired a new stake in shares of Quaker Chemical during the first quarter worth about $479,000. Belpointe Asset Management LLC acquired a new stake in shares of Quaker Chemical during the first quarter worth about $102,000. Advisor Group Inc. lifted its holdings in shares of Quaker Chemical by 3.8% during the second quarter. Advisor Group Inc. now owns 1,549 shares of the specialty chemicals company’s stock worth $314,000 after purchasing an additional 56 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Quaker Chemical by 12.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 132,098 shares of the specialty chemicals company’s stock worth $26,800,000 after purchasing an additional 14,212 shares during the period. Finally, Atria Investments LLC acquired a new stake in shares of Quaker Chemical during the second quarter worth about $3,475,000. 99.45% of the stock is owned by hedge funds and other institutional investors.

NYSE KWR traded up $0.72 during trading on Friday, hitting $169.24. The company’s stock had a trading volume of 2,380 shares, compared to its average volume of 97,239. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.69 and a quick ratio of 2.07. The company has a market cap of $2.23 billion, a PE ratio of 28.36, a P/E/G ratio of 2.48 and a beta of 1.55. The business’s 50 day simple moving average is $165.59 and its 200-day simple moving average is $192.12. Quaker Chemical has a fifty-two week low of $149.09 and a fifty-two week high of $224.30.

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 and Estimates for Quaker Chemical (NYSE:KWR)

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