Q2 2024 EPS Estimates for Quaker Chemical Co. Cut by Seaport Res Ptn (NYSE:KWR)

Quaker Chemical Co. (NYSE:KWR) – Stock analysts at Seaport Res Ptn cut their Q2 2024 earnings per share estimates for Quaker Chemical in a research report issued to clients and investors on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $2.24 for the quarter, down from their previous estimate of $2.30. The consensus estimate for Quaker Chemical’s current full-year earnings is $8.69 per share. Seaport Res Ptn also issued estimates for Quaker Chemical’s Q3 2024 earnings at $2.37 EPS, FY2024 earnings at $8.94 EPS, Q1 2025 earnings at $2.42 EPS, Q2 2025 earnings at $2.63 EPS and FY2025 earnings at $10.38 EPS.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.97 by $0.12. The business had revenue of $469.76 million for the quarter, compared to analysts’ expectations of $494.53 million. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.89 EPS.

A number of other research firms also recently issued reports on KWR. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada upped their target price on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research report on Monday, March 4th.

Quaker Chemical Stock Performance

NYSE:KWR opened at $189.51 on Wednesday. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 1.43 and a beta of 1.48. Quaker Chemical has a 1 year low of $138.67 and a 1 year high of $221.94. The stock’s 50 day simple moving average is $195.86 and its two-hundred day simple moving average is $190.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.98.

Quaker Chemical declared that its board has initiated a share repurchase program on Wednesday, February 28th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to reacquire up to 4.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 0.96%. Quaker Chemical’s dividend payout ratio (DPR) is currently 27.70%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fidelis Capital Partners LLC purchased a new position in Quaker Chemical in the 1st quarter worth about $25,000. SRS Capital Advisors Inc. raised its stake in shares of Quaker Chemical by 345.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 128 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Quaker Chemical in the first quarter valued at approximately $41,000. McGlone Suttner Wealth Management Inc. bought a new position in Quaker Chemical in the fourth quarter worth approximately $50,000. Finally, Strs Ohio increased its holdings in Quaker Chemical by 50.0% during the 4th quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

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.