Zacks: Analysts Anticipate Quaker Chemical Co. (NYSE:KWR) Will Post Quarterly Sales of $417.28 Million

Brokerages forecast that Quaker Chemical Co. (NYSE:KWR) will post $417.28 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Quaker Chemical’s earnings, with the lowest sales estimate coming in at $407.56 million and the highest estimate coming in at $427.00 million. Quaker Chemical reported sales of $367.22 million during the same quarter last year, which indicates a positive year over year growth rate of 13.6%. The firm is scheduled to report its next earnings results after the market closes on Thursday, November 4th.

On average, analysts expect that Quaker Chemical will report full-year sales of $1.72 billion for the current year, with estimates ranging from $1.68 billion to $1.76 billion. For the next financial year, analysts expect that the firm will post sales of $1.84 billion, with estimates ranging from $1.77 billion to $1.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Quaker Chemical.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Tuesday, August 3rd. The specialty chemicals company reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.32. The company had revenue of $435.26 million for the quarter, compared to the consensus estimate of $391.08 million. Quaker Chemical had a return on equity of 9.70% and a net margin of 9.14%.

Several equities research analysts recently weighed in on KWR shares. Zacks Investment Research cut shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Wednesday, October 13th. Seaport Res Ptn reiterated a “neutral” rating on shares of Quaker Chemical in a research note on Tuesday, October 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Quaker Chemical presently has an average rating of “Hold” and a consensus price target of $284.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Quaker Chemical by 1.3% during the second quarter. Vanguard Group Inc. now owns 1,552,960 shares of the specialty chemicals company’s stock worth $368,346,000 after purchasing an additional 19,340 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Quaker Chemical by 2.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,497,939 shares of the specialty chemicals company’s stock worth $365,153,000 after purchasing an additional 33,799 shares during the period. Durable Capital Partners LP lifted its stake in Quaker Chemical by 8.1% during the second quarter. Durable Capital Partners LP now owns 1,465,603 shares of the specialty chemicals company’s stock worth $347,626,000 after purchasing an additional 110,144 shares during the period. Neuberger Berman Group LLC lifted its stake in Quaker Chemical by 3.1% during the first quarter. Neuberger Berman Group LLC now owns 979,561 shares of the specialty chemicals company’s stock worth $238,772,000 after purchasing an additional 29,685 shares during the period. Finally, Brown Advisory Inc. lifted its stake in Quaker Chemical by 2.8% during the first quarter. Brown Advisory Inc. now owns 421,660 shares of the specialty chemicals company’s stock worth $102,788,000 after purchasing an additional 11,318 shares during the period. Hedge funds and other institutional investors own 77.21% of the company’s stock.

Shares of NYSE KWR traded up $3.76 during mid-day trading on Tuesday, hitting $246.39. The company had a trading volume of 61,834 shares, compared to its average volume of 62,687. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.17 and a quick ratio of 1.56. The business’s 50-day simple moving average is $246.35 and its 200-day simple moving average is $241.97. Quaker Chemical has a 12 month low of $185.05 and a 12 month high of $301.99. The firm has a market cap of $4.40 billion, a P/E ratio of 29.76 and a beta of 1.47.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Friday, October 15th will be paid a dividend of $0.415 per share. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, October 14th. This represents a $1.66 dividend on an annualized basis and a yield of 0.67%. Quaker Chemical’s dividend payout ratio (DPR) is currently 34.73%.

Quaker Chemical Company Profile

Quaker Chemical Corp. is engaged in the business of developing, producing and marketing formulated chemical specialty products. It operates through the following geographical segments: Americas, Europe, Middle East and Africa, Asia Pacific, and Global Specialty Businesses. Its products include can making lubricants, cleaners, coatings, cold rolling oils, corrosion preventives, die casting lubricants, dust suppressants, greases, ground control agents, hot rolling oils, hydraulic fluids, industrial lubricants, longwall fluids, metal forming fluids, metal removal fluids, pickle oils, surface treatments, temper fluids, and tin plating.

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