Quaker Chemical Corporation (KWR) to Release Quarterly Earnings on Thursday
Quaker Chemical Corporation (NYSE:KWR) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 26th. Analysts expect the company to announce earnings of $1.28 per share for the quarter.
Quaker Chemical Corporation (NYSE:KWR) last posted its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. The company had revenue of $201.18 million during the quarter, compared to analysts’ expectations of $197.23 million. Quaker Chemical Corporation had a return on equity of 15.52% and a net margin of 6.73%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. On average, analysts expect Quaker Chemical Corporation to post $4.93 EPS for the current fiscal year and $5.91 EPS for the next fiscal year.
Shares of Quaker Chemical Corporation (KWR) opened at 149.62 on Thursday. The stock has a market cap of $1.99 billion, a PE ratio of 38.03 and a beta of 1.24. Quaker Chemical Corporation has a 12-month low of $102.86 and a 12-month high of $154.38. The firm has a 50-day moving average price of $145.91 and a 200 day moving average price of $142.66.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 0.95%. The ex-dividend date is Monday, October 16th. Quaker Chemical Corporation’s payout ratio is 36.13%.
In other Quaker Chemical Corporation news, VP Jan Nieman sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. Following the transaction, the vice president now directly owns 13,636 shares of the company’s stock, valued at approximately $2,045,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Donald R. Caldwell sold 1,800 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total value of $251,190.00. Following the completion of the transaction, the director now directly owns 9,281 shares in the company, valued at $1,295,163.55. The disclosure for this sale can be found here. Insiders have sold 4,800 shares of company stock worth $686,190 over the last three months. 3.60% of the stock is owned by insiders.
Several research analysts recently weighed in on KWR shares. Zacks Investment Research raised Quaker Chemical Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group LLC reissued a “hold” rating and set a $153.00 price target on shares of Quaker Chemical Corporation in a research report on Sunday, September 3rd. BidaskClub raised Quaker Chemical Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, FBR & Co reissued a “marketperform” rating on shares of Quaker Chemical Corporation in a research report on Tuesday, July 11th.
About Quaker Chemical Corporation
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
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