Equities research analysts expect that Quaker Chemical Co. (NYSE:KWR) will report $385.79 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Quaker Chemical’s earnings. The lowest sales estimate is $371.00 million and the highest is $396.50 million. Quaker Chemical posted sales of $378.56 million during the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The company is expected to announce its next earnings report after the market closes on Thursday, May 6th.
According to Zacks, analysts expect that Quaker Chemical will report full year sales of $1.56 billion for the current fiscal year, with estimates ranging from $1.47 billion to $1.63 billion. For the next year, analysts forecast that the company will post sales of $1.63 billion, with estimates ranging from $1.54 billion to $1.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Quaker Chemical.
Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, February 25th. The specialty chemicals company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.52 by $0.11. Quaker Chemical had a net margin of 0.45% and a return on equity of 6.63%. The firm had revenue of $385.85 million during the quarter, compared to analyst estimates of $362.23 million. During the same quarter in the previous year, the business posted $1.34 EPS.
In other Quaker Chemical news, SVP David Slinkman sold 1,565 shares of the company’s stock in a transaction on Friday, March 5th. The shares were sold at an average price of $262.09, for a total transaction of $410,170.85. Following the completion of the transaction, the senior vice president now directly owns 5,667 shares in the company, valued at $1,485,264.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mary Dean Hall sold 2,490 shares of the stock in a transaction on Thursday, March 4th. The shares were sold at an average price of $261.70, for a total transaction of $651,633.00. Following the transaction, the chief financial officer now directly owns 6,005 shares in the company, valued at $1,571,508.50. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KWR. Paces Ferry Wealth Advisors LLC acquired a new stake in Quaker Chemical in the 3rd quarter worth about $26,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Quaker Chemical in the fourth quarter worth approximately $38,000. CWM LLC increased its position in shares of Quaker Chemical by 178.9% during the first quarter. CWM LLC now owns 159 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 102 shares in the last quarter. Captrust Financial Advisors raised its stake in Quaker Chemical by 2,160.0% in the 4th quarter. Captrust Financial Advisors now owns 226 shares of the specialty chemicals company’s stock valued at $57,000 after purchasing an additional 216 shares during the last quarter. Finally, Bellwether Advisors LLC purchased a new position in Quaker Chemical in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 83.78% of the company’s stock.
Quaker Chemical stock traded up $0.49 during trading hours on Thursday, hitting $242.08. 42,443 shares of the stock traded hands, compared to its average volume of 81,538. Quaker Chemical has a 1 year low of $138.45 and a 1 year high of $301.99. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 671.10 and a beta of 1.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.62. The firm’s 50 day moving average price is $242.11 and its 200-day moving average price is $250.16.
The company also recently announced a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Friday, April 16th were paid a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Thursday, April 15th. Quaker Chemical’s payout ratio is currently 27.10%.
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. It operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. The company 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, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.
Further Reading: How is a management fee different from a performance fee?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter.