Quaker Chemical (KWR) to Release Earnings on Thursday

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

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Friday, March 1st. The specialty chemicals company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.11. The business had revenue of $467.11 million for the quarter, compared to analyst estimates of $470.55 million. Quaker Chemical had a return on equity of 10.22% and a net margin of 5.77%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. 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 Stock Performance

KWR stock opened at $189.92 on Thursday. The company has a current ratio of 2.52, a quick ratio of 1.89 and a debt-to-equity ratio of 0.53. The firm has a market cap of $3.42 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.46 and a beta of 1.49. Quaker Chemical has a 12-month low of $138.67 and a 12-month high of $221.94. The stock’s 50 day simple moving average is $198.61 and its 200 day simple moving average is $187.93.

Quaker Chemical Announces Dividend

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

Quaker Chemical announced that its board has initiated a stock buyback plan 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 purchase up to 4.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

About Quaker Chemical

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.