Quaker Houghton (NYSE:KWR) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Quaker Houghton (NYSE:KWR) announced its quarterly earnings data on Thursday. The specialty chemicals company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.03), FiscalAI reports. The firm had revenue of $480.48 million for the quarter, compared to analysts’ expectations of $463.70 million. Quaker Houghton had a net margin of 0.22% and a return on equity of 9.06%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS.

Quaker Houghton Trading Up 4.2%

NYSE:KWR traded up $5.67 during trading hours on Friday, reaching $141.56. 405,506 shares of the company were exchanged, compared to its average volume of 167,544. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.42 and a quick ratio of 1.72. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -1,179.55, a PEG ratio of 0.85 and a beta of 1.43. Quaker Houghton has a 52-week low of $99.18 and a 52-week high of $183.01. The stock has a 50 day simple moving average of $132.60 and a 200 day simple moving average of $140.75.

Quaker Houghton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a dividend of $0.508 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $2.03 dividend on an annualized basis and a yield of 1.4%. Quaker Houghton’s dividend payout ratio (DPR) is currently -1,691.67%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KWR. Seaport Research Partners raised shares of Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Friday, April 17th. Jefferies Financial Group cut their price target on shares of Quaker Houghton from $203.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Zacks Research downgraded shares of Quaker Houghton from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Wall Street Zen downgraded shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Finally, Royal Bank Of Canada cut their price target on shares of Quaker Houghton from $184.00 to $151.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $163.00.

Institutional Investors Weigh In On Quaker Houghton

Several large investors have recently made changes to their positions in the business. Invesco Ltd. increased its position in shares of Quaker Houghton by 5.4% in the fourth quarter. Invesco Ltd. now owns 68,059 shares of the specialty chemicals company’s stock worth $9,345,000 after acquiring an additional 3,505 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Quaker Houghton by 37.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,314 shares of the specialty chemicals company’s stock worth $455,000 after acquiring an additional 895 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Quaker Houghton by 12,361.9% in the fourth quarter. NewEdge Advisors LLC now owns 2,617 shares of the specialty chemicals company’s stock worth $359,000 after acquiring an additional 2,596 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Quaker Houghton by 14.4% in the fourth quarter. Wellington Management Group LLP now owns 756,988 shares of the specialty chemicals company’s stock worth $103,942,000 after acquiring an additional 95,100 shares in the last quarter. Finally, Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Quaker Houghton in the fourth quarter worth $2,222,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.