Quaker Chemical (NYSE:KWR) Posts Earnings Results, Beats Expectations By $0.12 EPS

Quaker Chemical (NYSE:KWR - Get Free Report) released its quarterly earnings results on Thursday. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.12, Briefing.com reports. The company had revenue of $469.76 million for the quarter, compared to analyst estimates of $494.53 million. Quaker Chemical had a return on equity of 10.42% and a net margin of 6.16%. The firm's revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 earnings per share.

Quaker Chemical Stock Down 3.7 %

Quaker Chemical stock traded down $7.14 during trading hours on Friday, hitting $185.56. The stock had a trading volume of 137,930 shares, compared to its average volume of 66,960. The stock's 50-day moving average price is $196.72 and its 200-day moving average price is $189.85. The stock has a market capitalization of $3.34 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.48. Quaker Chemical has a 12-month low of $138.67 and a 12-month high of $221.94. The company has a quick ratio of 1.89, a current ratio of 2.52 and a debt-to-equity ratio of 0.53.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Monday, April 15th. Quaker Chemical's dividend payout ratio is presently 27.70%.

Quaker Chemical announced that its board has authorized a share repurchase plan on Wednesday, February 28th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the specialty chemicals company to purchase up to 4.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com upgraded shares of Quaker Chemical from a "hold" rating to a "buy" rating in a report on Wednesday, April 3rd. Royal Bank of Canada upped their price objective 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.

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.