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.

A number of equities analysts recently weighed in on KWR shares. Zacks Investment Research raised Quaker Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Seaport Global Securities reissued a “neutral” rating on shares of Quaker Chemical in a report on Tuesday, February 5th. Five equities research analysts have rated the stock with a hold rating, Quaker Chemical currently has a consensus rating of “Hold” and a consensus target price of $187.25.

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.

See Also: What is a Derivative?

Get a free copy of the Zacks research report on Quaker Chemical (KWR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Quaker Chemical (NYSE:KWR)

Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter.