Quaker Chemical (NYSE:KWR) Posts Quarterly Earnings Results

Quaker Chemical (NYSE:KWR – Get Rating) issued its quarterly earnings data on Thursday. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.01, MarketWatch Earnings reports. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $471.81 million. Quaker Chemical had a return on equity of 8.98% and a net margin of 6.89%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 earnings per share.

NYSE:KWR traded up $2.82 during mid-day trading on Friday, reaching $164.65. The stock had a trading volume of 88,812 shares, compared to its average volume of 71,942. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.52 and a current ratio of 2.14. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 28.73 and a beta of 1.40. Quaker Chemical has a twelve month low of $149.85 and a twelve month high of $276.60. The business has a 50 day simple moving average of $172.24 and a 200 day simple moving average of $209.09.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were given a $0.415 dividend. The ex-dividend date was Wednesday, April 13th. This represents a $1.66 dividend on an annualized basis and a yield of 1.01%. Quaker Chemical’s payout ratio is currently 28.97%.

Several hedge funds have recently bought and sold shares of KWR. LPL Financial LLC lifted its position in shares of Quaker Chemical by 9.4% during the 3rd quarter. LPL Financial LLC now owns 1,612 shares of the specialty chemicals company’s stock valued at $383,000 after acquiring an additional 138 shares during the period. Virtu Financial LLC acquired a new stake in shares of Quaker Chemical during the 4th quarter valued at approximately $400,000. Sei Investments Co. lifted its position in shares of Quaker Chemical by 16.1% during the 4th quarter. Sei Investments Co. now owns 1,774 shares of the specialty chemicals company’s stock valued at $416,000 after acquiring an additional 246 shares during the period. Stifel Financial Corp increased its stake in shares of Quaker Chemical by 16.5% during the 4th quarter. Stifel Financial Corp now owns 3,641 shares of the specialty chemicals company’s stock worth $840,000 after purchasing an additional 517 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Quaker Chemical by 11.3% during the 3rd quarter. Millennium Management LLC now owns 7,696 shares of the specialty chemicals company’s stock worth $1,829,000 after purchasing an additional 783 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

Several brokerages have issued reports on KWR. TheStreet lowered Quaker Chemical from a “b-” rating to a “c+” rating in a report on Wednesday, March 2nd. StockNews.com assumed coverage on Quaker Chemical in a report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on Quaker Chemical from $305.00 to $225.00 in a report on Tuesday, March 1st. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, March 1st. Finally, Seaport Res Ptn raised Quaker Chemical from a “neutral” rating to a “buy” rating in a report on Tuesday, January 18th.

Quaker Chemical Company Profile (Get Rating)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

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