$472.46 Million in Sales Expected for Quaker Chemical Co. (NYSE:KWR) This Quarter

Equities research analysts forecast that Quaker Chemical Co. (NYSE:KWR – Get Rating) will announce sales of $472.46 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Quaker Chemical’s earnings. The lowest sales estimate is $459.30 million and the highest is $485.62 million. Quaker Chemical posted sales of $435.26 million during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Quaker Chemical will report full-year sales of $1.95 billion for the current financial year, with estimates ranging from $1.94 billion to $1.95 billion. For the next financial year, analysts expect that the business will post sales of $2.09 billion, with estimates ranging from $2.04 billion to $2.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Quaker Chemical.

Quaker Chemical (NYSE:KWR – Get Rating) last released its earnings results on Thursday, May 5th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $471.81 million. Quaker Chemical had a net margin of 5.68% and a return on equity of 7.97%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.11 EPS.

KWR has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Quaker Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, March 1st. StockNews.com assumed coverage on shares of Quaker Chemical in a research note on Thursday, March 31st. They set a “hold” rating for the company. Seaport Res Ptn raised shares of Quaker Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 18th. TheStreet downgraded shares of Quaker Chemical from a “b-” rating to a “c+” rating in a research note on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Quaker Chemical from $305.00 to $225.00 in a research note on Tuesday, March 1st.

A number of institutional investors and hedge funds have recently bought and sold shares of KWR. New Century Advisors LLC acquired a new stake in Quaker Chemical during the 4th quarter worth approximately $28,000. National Bank of Canada FI acquired a new stake in Quaker Chemical during the 4th quarter worth approximately $29,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in Quaker Chemical during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC acquired a new stake in Quaker Chemical during the 3rd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. grew its position in Quaker Chemical by 714.3% in the third quarter. First Horizon Advisors Inc. now owns 114 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 100 shares in the last quarter. 78.10% of the stock is owned by hedge funds and other institutional investors.

NYSE:KWR traded up $0.24 on Monday, reaching $147.28. The stock had a trading volume of 83,386 shares, compared to its average volume of 79,461. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 25.70 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.18 and a quick ratio of 1.52. The firm’s fifty day moving average is $169.24 and its two-hundred day moving average is $205.91. Quaker Chemical has a 12-month low of $140.37 and a 12-month high of $276.60.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, July 14th. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.97%.

Quaker Chemical Company Profile (Get Rating)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

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