Zacks: Analysts Anticipate Quaker Chemical Corp (KWR) Will Announce Quarterly Sales of $223.95 Million
Wall Street brokerages predict that Quaker Chemical Corp (NYSE:KWR) will announce sales of $223.95 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Quaker Chemical’s earnings. The lowest sales estimate is $218.90 million and the highest is $229.00 million. Quaker Chemical posted sales of $221.96 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.9%. The company is expected to report its next quarterly earnings report on Monday, July 29th.
On average, analysts expect that Quaker Chemical will report full year sales of $1.28 billion for the current financial year, with estimates ranging from $1.25 billion to $1.29 billion. For the next financial year, analysts forecast that the company will report sales of $1.73 billion, with estimates ranging from $1.71 billion to $1.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Quaker Chemical.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.01. The company had revenue of $211.20 million for the quarter, compared to analysts’ expectations of $213.99 million. Quaker Chemical had a return on equity of 18.73% and a net margin of 6.99%. Quaker Chemical’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $1.41 EPS.
Shares of NYSE KWR traded up $1.61 during trading hours on Friday, reaching $189.15. 127,586 shares of the stock traded hands, compared to its average volume of 76,204. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 2.66 and a beta of 1.41. The company has a current ratio of 2.65, a quick ratio of 2.02 and a debt-to-equity ratio of 0.07. Quaker Chemical has a 52-week low of $151.43 and a 52-week high of $224.30.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.37. The ex-dividend date is Tuesday, July 16th. Quaker Chemical’s dividend payout ratio (DPR) is currently 24.50%.
In related news, Director Donald R. Caldwell sold 250 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $201.65, for a total transaction of $50,412.50. Following the transaction, the director now directly owns 5,071 shares of the company’s stock, valued at approximately $1,022,567.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank purchased a new position in Quaker Chemical in the 1st quarter worth approximately $40,000. Bessemer Group Inc. increased its stake in Quaker Chemical by 44.6% in the 4th quarter. Bessemer Group Inc. now owns 227 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 70 shares during the period. Manchester Capital Management LLC purchased a new position in Quaker Chemical in the 1st quarter worth approximately $100,000. Hanseatic Management Services Inc. purchased a new position in Quaker Chemical in the 4th quarter worth approximately $107,000. Finally, LS Investment Advisors LLC increased its stake in Quaker Chemical by 55.8% in the 4th quarter. LS Investment Advisors LLC now owns 609 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 218 shares during the period. 95.61% of the stock is currently owned by institutional investors.
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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