Quaker Chemical (NYSE:KWR) Issues Earnings Results

Quaker Chemical (NYSE:KWR) released its earnings results on Monday. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.08), Briefing.com reports. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The business had revenue of $463.57 million for the quarter, compared to analyst estimates of $493.68 million. During the same quarter in the previous year, the firm posted $1.93 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis.

Quaker Chemical Stock Down 4.0 %

Shares of NYSE KWR traded down $6.82 on Monday, hitting $164.94. The company had a trading volume of 203,782 shares, compared to its average volume of 92,892. The business has a 50 day moving average of $175.43 and a two-hundred day moving average of $188.16. 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 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.97 billion, a P/E ratio of 25.11, a PEG ratio of 1.41 and a beta of 1.40.

Quaker Chemical Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.485 dividend. The ex-dividend date is Thursday, October 17th. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 1.18%. Quaker Chemical’s dividend payout ratio (DPR) is 29.53%.

Wall Street Analysts Forecast Growth

KWR has been the subject of several research analyst reports. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday. Piper Sandler began coverage on shares of Quaker Chemical in a research report on Thursday, May 16th. They issued an “overweight” rating and a $220.00 price objective for the company.

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.