Brokers

Seaport Res Ptn Brokers Reduce Earnings Estimates for Quaker Chemical Co. (NYSE:KWR)

Quaker Chemical Co. (NYSE:KWRGet Rating) – Stock analysts at Seaport Res Ptn lowered their Q3 2022 earnings estimates for Quaker Chemical in a report issued on Thursday, July 14th. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will earn $1.83 per share for the quarter, down from their prior forecast of $1.92. The consensus estimate for Quaker Chemical’s current full-year earnings is $6.57 per share. Seaport Res Ptn also issued estimates for Quaker Chemical’s FY2022 earnings at $6.28 EPS.

Quaker Chemical (NYSE:KWRGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The specialty chemicals company reported $1.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.42. The business had revenue of $474.20 million during the quarter, compared to analyst estimates of $471.81 million. Quaker Chemical had a net margin of 5.68% and a return on equity of 7.97%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share.

A number of other equities analysts have also weighed in on KWR. StockNews.com initiated coverage on shares of Quaker Chemical in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Quaker Chemical from $225.00 to $175.00 in a report on Monday, May 16th.

Quaker Chemical Stock Performance

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KWR opened at $136.09 on Monday. The firm has a market cap of $2.44 billion, a P/E ratio of 23.75 and a beta of 1.35. Quaker Chemical has a 1-year low of $129.79 and a 1-year high of $276.60. The company has a 50 day simple moving average of $146.13 and a two-hundred day simple moving average of $174.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.18 and a quick ratio of 1.52.

Hedge Funds Weigh In On Quaker Chemical

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Quaker Chemical by 5.7% during the first quarter. BlackRock Inc. now owns 2,152,418 shares of the specialty chemicals company’s stock valued at $371,960,000 after purchasing an additional 115,746 shares in the last quarter. Vanguard Group Inc. raised its stake in Quaker Chemical by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,551,455 shares of the specialty chemicals company’s stock valued at $268,107,000 after purchasing an additional 4,456 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Quaker Chemical by 12.7% during the first quarter. JPMorgan Chase & Co. now owns 622,305 shares of the specialty chemicals company’s stock valued at $107,540,000 after purchasing an additional 70,185 shares in the last quarter. Brown Advisory Inc. raised its stake in Quaker Chemical by 1.4% during the first quarter. Brown Advisory Inc. now owns 506,938 shares of the specialty chemicals company’s stock valued at $87,763,000 after purchasing an additional 7,203 shares in the last quarter. Finally, State Street Corp raised its stake in Quaker Chemical by 3.6% during the first quarter. State Street Corp now owns 452,025 shares of the specialty chemicals company’s stock valued at $78,114,000 after purchasing an additional 15,577 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, July 14th. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.97%.

About Quaker Chemical

(Get Rating)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

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Earnings History and Estimates for Quaker Chemical (NYSE:KWR)

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