Seaport Global Securities Weighs in on Quaker Chemical Corp.’s Q3 2016 Earnings (KWR)
Quaker Chemical Corp. (NYSE:KWR) – Stock analysts at Seaport Global Securities lowered their Q3 2016 EPS estimates for shares of Quaker Chemical Corp. in a report issued on Monday. Seaport Global Securities analyst M. Harrison now expects that the brokerage will post earnings of $1.25 per share for the quarter, down from their prior estimate of $1.32. Seaport Global Securities also issued estimates for Quaker Chemical Corp.’s Q2 2017 earnings at $1.29 EPS and Q4 2017 earnings at $1.30 EPS.
A number of other equities research analysts have also recently commented on KWR. Jefferies Group restated a “hold” rating on shares of Quaker Chemical Corp. in a report on Sunday, July 17th. Zacks Investment Research cut shares of Quaker Chemical Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th.
Quaker Chemical Corp. (NYSE:KWR) opened at 104.43 on Tuesday. Quaker Chemical Corp. has a 52 week low of $68.20 and a 52 week high of $107.10. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 25.80 and a beta of 1.42. The company has a 50-day moving average of $102.14 and a 200-day moving average of $93.47.
Quaker Chemical Corp. (NYSE:KWR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. Quaker Chemical Corp. had a net margin of 7.28% and a return on equity of 15.21%. The business had revenue of $186.91 million for the quarter, compared to analyst estimates of $187.77 million. During the same quarter in the prior year, the business earned $1.15 EPS. Quaker Chemical Corp.’s quarterly revenue was up 1.7% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be issued a $0.345 dividend. The ex-dividend date is Thursday, October 13th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.32%. Quaker Chemical Corp.’s payout ratio is 34.07%.
Several large investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised 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 last quarter. Prudential Financial Inc. raised its stake in 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 in the last quarter. Nisa Investment Advisors LLC raised its stake in Quaker Chemical Corp. by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 14,800 shares of the company’s stock worth $1,320,000 after buying an additional 100 shares in the last quarter. GW&K Investment Management LLC raised its stake in Quaker Chemical Corp. by 17.9% in the second quarter. GW&K Investment Management LLC now owns 81,759 shares of the company’s stock worth $7,293,000 after buying an additional 12,393 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in Quaker Chemical Corp. by 6.0% in the second quarter. Capstone Asset Management Co. now owns 4,413 shares of the company’s stock worth $394,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 82.24% of the company’s stock.
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.
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