Quaker Chemical Co. (NYSE:KWR - Free Report) - Research analysts at Seaport Res Ptn lowered their Q2 2024 EPS estimates for shares of Quaker Chemical in a report released on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $2.24 for the quarter, down from their previous estimate of $2.30. The consensus estimate for Quaker Chemical's current full-year earnings is $8.69 per share. Seaport Res Ptn also issued estimates for Quaker Chemical's Q3 2024 earnings at $2.37 EPS, FY2024 earnings at $8.94 EPS, Q1 2025 earnings at $2.42 EPS, Q2 2025 earnings at $2.63 EPS and FY2025 earnings at $10.38 EPS.
Quaker Chemical (NYSE:KWR - Get Free Report) last issued its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.97 by $0.12. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. The company had revenue of $469.76 million during the quarter, compared to analysts' expectations of $494.53 million. During the same quarter in the previous year, the company posted $1.89 EPS. The business's revenue for the quarter was down 6.1% compared to the same quarter last year.
Other analysts have also recently issued reports about the company. StockNews.com raised Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Wednesday, April 3rd. Royal Bank of Canada increased their target price on shares of Quaker Chemical from $200.00 to $223.00 and gave the stock an "outperform" rating in a report on Monday, March 4th.
View Our Latest Stock Analysis on KWR
Quaker Chemical Trading Up 1.4 %
NYSE:KWR traded up $2.63 during mid-day trading on Wednesday, hitting $189.81. The company had a trading volume of 66,108 shares, compared to its average volume of 80,447. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.98 and a current ratio of 2.66. Quaker Chemical has a fifty-two week low of $138.67 and a fifty-two week high of $221.94. The firm has a market cap of $3.41 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.43 and a beta of 1.48. The business's fifty day moving average is $196.22 and its two-hundred day moving average is $190.74.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC bought a new stake in Quaker Chemical in the 1st quarter valued at approximately $25,000. SRS Capital Advisors Inc. lifted its position in shares of Quaker Chemical by 345.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the specialty chemicals company's stock worth $35,000 after purchasing an additional 128 shares in the last quarter. Mather Group LLC. acquired a new position in Quaker Chemical during the first quarter worth $41,000. McGlone Suttner Wealth Management Inc. bought a new position in Quaker Chemical in the fourth quarter valued at $50,000. Finally, Strs Ohio increased its stake in Quaker Chemical by 50.0% in the 4th quarter. Strs Ohio now owns 300 shares of the specialty chemicals company's stock valued at $64,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.
Quaker Chemical Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 0.96%. Quaker Chemical's dividend payout ratio is presently 27.70%.
Quaker Chemical declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the specialty chemicals company to buy up to 4.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Quaker Chemical Company Profile
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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.
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