Quaker Chemical (NYSE:KWR) Issues Earnings Results, Misses Estimates By $0.29 EPS

Quaker Chemical (NYSE:KWR) posted its earnings results on Monday. The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.29), Zacks reports. The business had revenue of $444.09 million for the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter in the prior year, the business earned $1.78 earnings per share.

Quaker Chemical Trading Up 2.7 %

KWR opened at $144.58 on Wednesday. The company has a fifty day moving average price of $138.34 and a two-hundred day moving average price of $153.84. Quaker Chemical has a 1-year low of $124.66 and a 1-year high of $207.83. The company has a market cap of $2.57 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.34%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Analyst Upgrades and Downgrades

KWR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada cut their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Piper Sandler reissued a “neutral” rating and issued a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Finally, StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Quaker Chemical Company Profile

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.