Quaker Chemical Corp. to Post FY2016 Earnings of $4.59 Per Share, Seaport Global Securities Forecasts (KWR)
Quaker Chemical Corp. (NYSE:KWR) – Equities research analysts at Seaport Global Securities cut their FY2016 EPS estimates for Quaker Chemical Corp. in a report released on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the firm will earn $4.59 per share for the year, down from their prior estimate of $4.69. Seaport Global Securities also issued estimates for Quaker Chemical Corp.’s Q4 2016 earnings at $1.25 EPS, Q1 2017 earnings at $1.22 EPS, Q3 2017 earnings at $1.43 EPS and FY2017 earnings at $5.24 EPS.
Several other equities research analysts have also weighed in on KWR. Jefferies Group reaffirmed a “hold” rating on shares of Quaker Chemical Corp. in a research report on Sunday, July 17th. Zacks Investment Research lowered Quaker Chemical Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th.
Shares of Quaker Chemical Corp. (NYSE:KWR) traded up 0.93% during midday trading on Wednesday, hitting $105.40. 25,548 shares of the stock were exchanged. The firm has a market cap of $1.40 billion, a PE ratio of 26.04 and a beta of 1.43. Quaker Chemical Corp. has a 12-month low of $68.20 and a 12-month high of $107.10. The firm has a 50-day moving average price of $102.14 and a 200 day moving average price of $93.47.
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Quaker Chemical Corp. (NYSE:KWR) last issued its earnings results on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. The business earned $186.91 million during the quarter, compared to analysts’ expectations of $187.77 million. Quaker Chemical Corp. had a net margin of 7.28% and a return on equity of 15.21%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 13th. Quaker Chemical Corp.’s dividend payout ratio (DPR) is 34.07%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. PineBridge Investments L.P. raised its position in shares of Quaker Chemical Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 1,679 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the period. Howe & Rusling Inc. raised its position in shares of Quaker Chemical Corp. by 3.6% in the second quarter. Howe & Rusling Inc. now owns 1,750 shares of the company’s stock worth $156,000 after buying an additional 60 shares during the period. Teacher Retirement System of Texas raised its position in shares of Quaker Chemical Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 1,862 shares of the company’s stock worth $166,000 after buying an additional 227 shares during the period. Legal & General Group Plc raised its position in shares of Quaker Chemical Corp. by 13.5% in the second quarter. Legal & General Group Plc now owns 2,110 shares of the company’s stock worth $183,000 after buying an additional 251 shares during the period. Finally, BlackRock Inc. raised its position in shares of Quaker Chemical Corp. by 108.6% in the second quarter. BlackRock Inc. now owns 2,121 shares of the company’s stock worth $190,000 after buying an additional 1,104 shares during the period. 82.24% of the stock is currently owned by institutional investors.
Quaker Chemical Corp. Company Profile
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.
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