Quaker Chemical Corporation (KWR) Expected to Announce Quarterly Sales of $208.76 Million
Wall Street brokerages expect Quaker Chemical Corporation (NYSE:KWR) to post sales of $208.76 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Quaker Chemical’s earnings. The lowest sales estimate is $206.31 million and the highest is $211.20 million. Quaker Chemical reported sales of $191.25 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The firm is expected to report its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Quaker Chemical will report full-year sales of $208.76 million for the current year, with estimates ranging from $812.00 million to $820.20 million. For the next year, analysts anticipate that the company will post sales of $853.49 million per share, with estimates ranging from $842.78 million to $864.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Quaker Chemical.
Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share.
Several research analysts have recently commented on the company. BidaskClub downgraded Quaker Chemical from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Jefferies Group reissued a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical in a report on Sunday, September 3rd. Zacks Investment Research downgraded Quaker Chemical from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. FBR & Co set a $165.00 target price on Quaker Chemical and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, B. Riley reissued a “neutral” rating on shares of Quaker Chemical in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $163.50.
In related news, Director Adrian Steeples sold 4,911 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $155.71, for a total value of $764,691.81. Following the completion of the transaction, the director now owns 6,193 shares in the company, valued at approximately $964,312.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jan Nieman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the transaction, the vice president now owns 15,636 shares of the company’s stock, valued at approximately $2,189,040. The disclosure for this sale can be found here. Insiders sold a total of 25,363 shares of company stock worth $3,962,642 over the last three months. 3.60% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its position in Quaker Chemical by 0.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,929 shares of the specialty chemicals company’s stock worth $571,000 after purchasing an additional 25 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Quaker Chemical by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,067 shares of the specialty chemicals company’s stock worth $1,463,000 after purchasing an additional 26 shares during the last quarter. Stifel Financial Corp raised its position in Quaker Chemical by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 3,011 shares of the specialty chemicals company’s stock worth $436,000 after purchasing an additional 28 shares during the last quarter. Amalgamated Bank raised its position in Quaker Chemical by 5.1% in the 2nd quarter. Amalgamated Bank now owns 1,810 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 88 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in Quaker Chemical by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 9,704 shares of the specialty chemicals company’s stock worth $1,409,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.
Shares of Quaker Chemical (KWR) opened at $164.46 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.25 and a current ratio of 2.83. The firm has a market capitalization of $2,149.17, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.94 and a beta of 1.36. Quaker Chemical has a 1-year low of $124.81 and a 1-year high of $165.93.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, January 16th. Quaker Chemical’s payout ratio is currently 40.00%.
Quaker Chemical Company Profile
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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