Quaker Chemical (KWR) Set to Announce Quarterly Earnings on Thursday

Quaker Chemical (NYSE:KWR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Quaker Chemical to post earnings of $1.97 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Friday, March 1st. The specialty chemicals company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.11. Quaker Chemical had a return on equity of 10.22% and a net margin of 5.77%. The firm had revenue of $467.11 million during the quarter, compared to the consensus estimate of $470.55 million. During the same period last year, the company earned $1.39 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts expect Quaker Chemical to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Quaker Chemical Price Performance

Shares of NYSE KWR opened at $189.92 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.52 and a quick ratio of 1.89. The stock has a fifty day moving average price of $198.61 and a 200 day moving average price of $187.93. Quaker Chemical has a 1-year low of $138.67 and a 1-year high of $221.94. The company has a market cap of $3.42 billion, a PE ratio of 30.34, a P/E/G ratio of 1.46 and a beta of 1.49.

Quaker Chemical announced that its board has approved a share repurchase plan on Wednesday, February 28th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the specialty chemicals company to buy up to 4.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, April 15th. Quaker Chemical’s dividend payout ratio is presently 29.07%.

Wall Street Analyst Weigh In

KWR has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their target price on Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a report on Monday, March 4th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd.

About Quaker Chemical

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.