Quaker Chemical (NYSE:KWR) Releases Earnings Results

Quaker Chemical (NYSE:KWR) issued its quarterly earnings data on Thursday. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.97 by $0.12, Briefing.com reports. The firm had revenue of $469.76 million during the quarter, compared to the consensus estimate of $494.53 million. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.42%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 earnings per share.

Quaker Chemical Stock Down 3.7 %

KWR traded down $7.14 during midday trading on Friday, reaching $185.56. The company’s stock had a trading volume of 137,930 shares, compared to its average volume of 66,960. Quaker Chemical has a 1 year low of $138.67 and a 1 year high of $221.94. The stock’s 50-day moving average is $196.72 and its 200-day moving average is $189.56. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.49 and a beta of 1.48. The company has a current ratio of 2.52, a quick ratio of 1.89 and a debt-to-equity ratio of 0.53.

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 0.98%. The ex-dividend date was Monday, April 15th. Quaker Chemical’s dividend payout ratio is currently 27.70%.

Quaker Chemical declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 28th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the specialty chemicals company to repurchase up to 4.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KWR. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada raised their price target on Quaker Chemical from $200.00 to $223.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th.

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.