$208.35 Million in Sales Expected for Quaker Chemical Co. (KWR) This Quarter

Brokerages expect Quaker Chemical Co. (NYSE:KWR) to post $208.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Quaker Chemical’s earnings, with the highest sales estimate coming in at $214.00 million and the lowest estimate coming in at $202.70 million. Quaker Chemical posted sales of $194.91 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The company is scheduled to report its next earnings report after the market closes on Monday, April 30th.

On average, analysts expect that Quaker Chemical will report full-year sales of $1.30 billion for the current year, with estimates ranging from $1.26 billion to $1.34 billion. For the next year, analysts expect that the business will report sales of $1.68 billion per share, with estimates ranging from $1.66 billion to $1.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Quaker Chemical.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Wednesday, February 28th. The specialty chemicals company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.01. The firm had revenue of $211.10 million during the quarter, compared to analyst estimates of $208.07 million. Quaker Chemical had a return on equity of 15.48% and a net margin of 2.47%. Quaker Chemical’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share.

Several analysts recently weighed in on KWR shares. TheStreet lowered Quaker Chemical from a “b” rating to a “c+” rating in a report on Monday, March 5th. Zacks Investment Research lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, March 16th. B. Riley set a $165.00 price objective on Quaker Chemical and gave the company a “hold” rating in a report on Thursday, March 1st. Seaport Global Securities reissued a “hold” rating and issued a $165.00 price objective on shares of Quaker Chemical in a report on Friday, March 16th. Finally, ValuEngine raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $164.00.

In other Quaker Chemical news, Director Adrian Steeples sold 1,957 shares of Quaker Chemical stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $150.34, for a total value of $294,215.38. Following the completion of the transaction, the director now directly owns 5,101 shares in the company, valued at $766,884.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael F. Barry sold 1,250 shares of Quaker Chemical stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $160.13, for a total value of $200,162.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,186 shares of company stock valued at $1,399,442. 3.20% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Quaker Chemical by 3.2% in the fourth quarter. BlackRock Inc. now owns 1,646,283 shares of the specialty chemicals company’s stock valued at $248,242,000 after acquiring an additional 50,506 shares during the period. Carillon Tower Advisers Inc. acquired a new position in Quaker Chemical in the fourth quarter valued at approximately $103,056,000. Goldman Sachs Group Inc. boosted its stake in Quaker Chemical by 7.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 279,860 shares of the specialty chemicals company’s stock valued at $42,200,000 after acquiring an additional 20,012 shares during the period. Ranger Investment Management L.P. boosted its stake in Quaker Chemical by 141.2% in the fourth quarter. Ranger Investment Management L.P. now owns 214,455 shares of the specialty chemicals company’s stock valued at $32,338,000 after acquiring an additional 125,543 shares during the period. Finally, GW&K Investment Management LLC boosted its stake in Quaker Chemical by 1.7% in the fourth quarter. GW&K Investment Management LLC now owns 117,249 shares of the specialty chemicals company’s stock valued at $17,680,000 after acquiring an additional 2,002 shares during the period. Institutional investors own 92.16% of the company’s stock.

Quaker Chemical stock traded down $0.63 during midday trading on Monday, hitting $153.23. The stock had a trading volume of 33,393 shares, compared to its average volume of 48,746. The company has a quick ratio of 2.06, a current ratio of 2.63 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2,047.41, a P/E ratio of 30.58, a P/E/G ratio of 2.48 and a beta of 1.30. Quaker Chemical has a 12 month low of $129.98 and a 12 month high of $165.93.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be paid a $0.355 dividend. The ex-dividend date is Friday, April 13th. This represents a $1.42 dividend on an annualized basis and a yield of 0.93%. Quaker Chemical’s payout ratio is currently 28.34%.

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

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