Wall Street analysts expect that Quaker Chemical Corp (NYSE:KWR) will announce sales of $312.35 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Quaker Chemical’s earnings, with estimates ranging from $304.70 million to $320.00 million. Quaker Chemical posted sales of $205.87 million in the same quarter last year, which suggests a positive year over year growth rate of 51.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 6th.
According to Zacks, analysts expect that Quaker Chemical will report full year sales of $1.41 billion for the current financial year, with estimates ranging from $1.39 billion to $1.45 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.53 billion, with estimates ranging from $1.49 billion to $1.57 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Quaker Chemical.
Quaker Chemical (NYSE:KWR) last posted its earnings results on Monday, May 11th. The specialty chemicals company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.28. Quaker Chemical had a positive return on equity of 9.27% and a negative net margin of 0.82%. The business had revenue of $378.60 million during the quarter, compared to analyst estimates of $362.76 million. During the same quarter last year, the firm earned $1.41 earnings per share. The company’s revenue for the quarter was up 79.3% compared to the same quarter last year.
Shares of KWR traded up $0.85 during mid-day trading on Wednesday, hitting $175.03. The stock had a trading volume of 246,300 shares, compared to its average volume of 150,215. The company has a market cap of $3.02 billion, a PE ratio of -470.74 and a beta of 1.49. The company’s fifty day simple moving average is $145.91 and its two-hundred day simple moving average is $155.34. The company has a quick ratio of 2.11, a current ratio of 2.63 and a debt-to-equity ratio of 0.95. Quaker Chemical has a fifty-two week low of $108.14 and a fifty-two week high of $209.05.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.54 annualized dividend and a yield of 0.88%. Quaker Chemical’s dividend payout ratio is 26.42%.
In other Quaker Chemical news, SVP L Wilbert Platzer sold 810 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $167.43, for a total transaction of $135,618.30. Following the transaction, the senior vice president now owns 5,301 shares of the company’s stock, valued at approximately $887,546.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Hungary Holding Korlatolt Gulf acquired 3,404,453 shares of Quaker Chemical stock in a transaction on Thursday, April 9th. The shares were purchased at an average cost of $134.58 per share, for a total transaction of $458,171,284.74. Following the acquisition, the insider now owns 869,498 shares in the company, valued at approximately $117,017,040.84. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 12,810 shares of company stock worth $1,975,718. Corporate insiders own 2.10% of the company’s stock.
Large investors have recently bought and sold shares of the business. NEXT Financial Group Inc bought a new stake in shares of Quaker Chemical in the 1st quarter valued at $39,000. Versant Capital Management Inc bought a new stake in shares of Quaker Chemical in the 1st quarter valued at $40,000. Fieldpoint Private Securities LLC increased its position in shares of Quaker Chemical by 75.5% in the 4th quarter. Fieldpoint Private Securities LLC now owns 286 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 123 shares in the last quarter. Pinz Capital Management LP bought a new stake in shares of Quaker Chemical in the 1st quarter valued at $51,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Quaker Chemical by 19.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 415 shares of the specialty chemicals company’s stock valued at $70,000 after buying an additional 68 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.
Quaker Chemical Company Profile
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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