Analysts expect Quaker Chemical Corp (NYSE:KWR) to post earnings per share of $1.51 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Quaker Chemical’s earnings. The highest EPS estimate is $1.56 and the lowest is $1.42. Quaker Chemical reported earnings of $1.33 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The firm is scheduled to issue its next earnings report on Thursday, October 25th.

According to Zacks, analysts expect that Quaker Chemical will report full year earnings of $5.93 per share for the current year, with EPS estimates ranging from $5.72 to $6.05. For the next year, analysts anticipate that the company will post earnings of $6.71 per share, with EPS estimates ranging from $6.12 to $7.60. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Quaker Chemical.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, July 30th. The specialty chemicals company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Quaker Chemical had a net margin of 3.89% and a return on equity of 17.27%. The business had revenue of $221.96 million during the quarter, compared to analyst estimates of $214.72 million. During the same period in the previous year, the business earned $1.24 EPS. Quaker Chemical’s revenue was up 10.3% compared to the same quarter last year.

KWR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Quaker Chemical from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Janney Montgomery Scott initiated coverage on shares of Quaker Chemical in a research note on Friday, July 13th. They issued a “neutral” rating and a $170.00 price objective for the company. TheStreet upgraded shares of Quaker Chemical from a “c+” rating to a “b” rating in a research note on Tuesday, May 15th. Finally, B. Riley set a $170.00 price objective on shares of Quaker Chemical and gave the company a “hold” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $165.83.

In other news, VP D Jeffry Benoliel sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $167.93, for a total transaction of $335,860.00. Following the completion of the transaction, the vice president now directly owns 11,531 shares in the company, valued at approximately $1,936,400.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald R. Caldwell sold 599 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $170.00, for a total transaction of $101,830.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,495 shares of company stock valued at $1,700,798 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio grew its position in shares of Quaker Chemical by 3.9% during the 2nd quarter. Strs Ohio now owns 7,900 shares of the specialty chemicals company’s stock valued at $1,223,000 after purchasing an additional 300 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Quaker Chemical by 10.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 3,628 shares of the specialty chemicals company’s stock worth $562,000 after acquiring an additional 336 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Quaker Chemical by 6.2% during the 1st quarter. Aperio Group LLC now owns 6,270 shares of the specialty chemicals company’s stock worth $929,000 after acquiring an additional 367 shares during the last quarter. Comerica Bank lifted its holdings in shares of Quaker Chemical by 2.7% during the 2nd quarter. Comerica Bank now owns 14,649 shares of the specialty chemicals company’s stock worth $2,328,000 after acquiring an additional 379 shares during the last quarter. Finally, Pennsylvania Trust Co lifted its holdings in shares of Quaker Chemical by 13.3% during the 2nd quarter. Pennsylvania Trust Co now owns 3,400 shares of the specialty chemicals company’s stock worth $526,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Quaker Chemical stock traded up $1.31 during mid-day trading on Monday, reaching $172.83. The company’s stock had a trading volume of 116,021 shares, compared to its average volume of 49,855. Quaker Chemical has a 12-month low of $129.98 and a 12-month high of $178.90. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 2.58 and a beta of 1.34. The company has a current ratio of 2.78, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.

About Quaker Chemical

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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