Equities analysts predict that Quaker Chemical Corp (NYSE:KWR) will post sales of $208.76 million for the current quarter, according to Zacks. Two analysts have issued estimates for Quaker Chemical’s earnings, with the highest sales estimate coming in at $211.20 million and the lowest estimate coming in at $206.31 million. Quaker Chemical posted sales of $191.25 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that Quaker Chemical will report full year sales of $208.76 million for the current financial year, with estimates ranging from $812.00 million to $820.20 million. For the next fiscal year, analysts expect that the business will report sales of $853.49 million per share, with estimates ranging from $842.78 million to $864.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Quaker Chemical.
Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.06. The firm had revenue of $212.90 million during the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a net margin of 5.93% and a return on equity of 15.43%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share.
In other news, VP L Wilbert Platzer sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $156.75, for a total value of $156,750.00. Following the completion of the transaction, the vice president now directly owns 5,810 shares in the company, valued at $910,717.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Douglas sold 1,575 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $164.23, for a total transaction of $258,662.25. The disclosure for this sale can be found here. Insiders sold 23,938 shares of company stock valued at $3,786,305 over the last 90 days. 3.60% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its position in shares of Quaker Chemical by 1.7% in the fourth quarter. GW&K Investment Management LLC now owns 117,249 shares of the specialty chemicals company’s stock valued at $17,680,000 after acquiring an additional 2,002 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Quaker Chemical by 6.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 82,213 shares of the specialty chemicals company’s stock valued at $12,397,000 after acquiring an additional 4,758 shares during the period. Pennsylvania Trust Co boosted its position in shares of Quaker Chemical by 121.7% in the fourth quarter. Pennsylvania Trust Co now owns 6,874 shares of the specialty chemicals company’s stock valued at $1,036,000 after acquiring an additional 3,774 shares during the period. California Public Employees Retirement System lifted its position in Quaker Chemical by 2.5% during the third quarter. California Public Employees Retirement System now owns 51,248 shares of the specialty chemicals company’s stock valued at $7,582,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Quaker Chemical by 82.8% during the third quarter. Cubist Systematic Strategies LLC now owns 3,094 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 1,401 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.
Quaker Chemical (NYSE:KWR) opened at $158.14 on Friday. The firm has a market cap of $2,100.00, a PE ratio of 44.17, a PEG ratio of 2.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 2.25. Quaker Chemical has a 12 month low of $124.92 and a 12 month high of $165.93.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a $0.355 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.90%. Quaker Chemical’s dividend payout ratio (DPR) is currently 39.66%.
About Quaker Chemical
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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