Quaker Chemical (KWR) to Release Earnings on Thursday

Quaker Chemical (NYSE:KWR) is set to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.97 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Friday, March 1st. The specialty chemicals company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.11. Quaker Chemical had a net margin of 5.77% and a return on equity of 10.22%. The business had revenue of $467.11 million during the quarter, compared to analyst estimates of $470.55 million. During the same quarter last year, the business earned $1.39 EPS. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts expect Quaker Chemical to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Quaker Chemical Trading Up 0.1 %

Shares of NYSE KWR opened at $190.46 on Tuesday. Quaker Chemical has a 52-week low of $138.67 and a 52-week high of $221.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.89 and a current ratio of 2.52. The stock has a market cap of $3.43 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 1.47 and a beta of 1.49. The firm has a 50 day moving average price of $197.71 and a two-hundred day moving average price of $188.97.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Monday, April 15th. Quaker Chemical’s payout ratio is presently 29.07%.

Quaker Chemical declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 28th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the specialty chemicals company to repurchase up to 4.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently commented on KWR shares. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada raised their price target on shares of Quaker Chemical from $200.00 to $223.00 and gave the stock an “outperform” rating in a report on Monday, March 4th.

Quaker Chemical Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.