Quaker Chemical Corp. (NYSE:KWR) – Investment analysts at Seaport Global Securities cut their FY2016 earnings per share (EPS) estimates for Quaker Chemical Corp. in a research note issued on Monday. Seaport Global Securities analyst M. Harrison now forecasts that the brokerage will post earnings per share of $4.59 for the year, down from their prior forecast of $4.69. Seaport Global Securities also issued estimates for Quaker Chemical Corp.’s Q4 2016 earnings at $1.25 EPS, Q1 2017 earnings at $1.22 EPS, Q3 2017 earnings at $1.43 EPS and FY2017 earnings at $5.24 EPS.

Quaker Chemical Corp. (NYSE:KWR) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.09 by $0.02. Quaker Chemical Corp. had a return on equity of 15.21% and a net margin of 7.28%. The firm earned $186.91 million during the quarter, compared to analysts’ expectations of $187.77 million. During the same quarter in the prior year, the firm posted $1.15 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.

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

Several other brokerages have also recently weighed in on KWR. Jefferies Group reissued a “hold” rating on shares of Quaker Chemical Corp. in a research note on Sunday, July 17th. Zacks Investment Research cut shares of Quaker Chemical Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th.

Quaker Chemical Corp. (NYSE:KWR) traded up 0.93% during midday trading on Wednesday, hitting $105.40. The stock had a trading volume of 25,548 shares. The company’s 50 day moving average is $102.14 and its 200 day moving average is $93.47. Quaker Chemical Corp. has a 1-year low of $68.20 and a 1-year high of $107.10. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 26.04 and a beta of 1.43.

A number of hedge funds have recently modified their holdings of KWR. Prudential Financial Inc. boosted its stake in shares of Quaker Chemical Corp. by 2.3% in the first quarter. Prudential Financial Inc. now owns 35,032 shares of the company’s stock worth $2,973,000 after buying an additional 800 shares during the period. BlackRock Group LTD boosted its stake in shares of Quaker Chemical Corp. by 9.9% in the first quarter. BlackRock Group LTD now owns 14,146 shares of the company’s stock worth $1,200,000 after buying an additional 1,273 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Quaker Chemical Corp. by 4.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 347,800 shares of the company’s stock worth $29,514,000 after buying an additional 16,274 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Quaker Chemical Corp. by 100.5% in the first quarter. JPMorgan Chase & Co. now owns 269,115 shares of the company’s stock worth $22,836,000 after buying an additional 134,874 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Quaker Chemical Corp. during the first quarter worth approximately $948,000. 82.24% of the stock is currently owned by institutional investors and hedge funds.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be given a dividend of $0.345 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.38 dividend on an annualized basis and a yield of 1.32%. Quaker Chemical Corp.’s dividend payout ratio (DPR) is currently 34.07%.

About Quaker Chemical Corp.

Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.

5 Day Chart for NYSE:KWR

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