Quaker Chemical Co. (NYSE:KWR – Get Rating) – Analysts at Jefferies Financial Group dropped their Q2 2022 EPS estimates for shares of Quaker Chemical in a report issued on Monday, May 9th. Jefferies Financial Group analyst L. Alexander now anticipates that the specialty chemicals company will post earnings of $1.31 per share for the quarter, down from their previous estimate of $1.53. Jefferies Financial Group also issued estimates for Quaker Chemical’s FY2022 earnings at $6.80 EPS, FY2023 earnings at $8.10 EPS, FY2024 earnings at $8.80 EPS and FY2025 earnings at $9.95 EPS.
A number of other research firms also recently issued reports on KWR. Zacks Investment Research downgraded shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, March 1st. Seaport Res Ptn raised shares of Quaker Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Quaker Chemical from $305.00 to $225.00 in a research note on Tuesday, March 1st. StockNews.com initiated coverage on shares of Quaker Chemical in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, TheStreet downgraded shares of Quaker Chemical from a “b-” rating to a “c+” rating in a research note on Wednesday, March 2nd.
Quaker Chemical (NYSE:KWR – Get Rating) last issued its earnings results on Thursday, May 5th. The specialty chemicals company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.01. The firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $471.81 million. Quaker Chemical had a net margin of 5.68% and a return on equity of 7.99%. Quaker Chemical’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, April 14th were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 1.07%. The ex-dividend date was Wednesday, April 13th. Quaker Chemical’s payout ratio is 28.97%.
A number of institutional investors have recently modified their holdings of KWR. Eaton Vance Management grew its holdings in Quaker Chemical by 53,578.9% during the 3rd quarter. Eaton Vance Management now owns 211,495 shares of the specialty chemicals company’s stock worth $50,170,000 after acquiring an additional 211,101 shares in the last quarter. Norges Bank bought a new position in Quaker Chemical during the 4th quarter worth about $23,729,000. Allspring Global Investments Holdings LLC bought a new position in Quaker Chemical during the 4th quarter worth about $22,779,000. BlackRock Inc. grew its holdings in Quaker Chemical by 3.4% during the 4th quarter. BlackRock Inc. now owns 2,036,672 shares of the specialty chemicals company’s stock worth $470,022,000 after acquiring an additional 66,905 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Quaker Chemical by 7.7% in the 4th quarter. Brown Advisory Inc. now owns 499,735 shares of the specialty chemicals company’s stock valued at $115,329,000 after buying an additional 35,638 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.
About Quaker Chemical (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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