Quaker Chemical (KWR) to Release Earnings on Thursday

Quaker Chemical (NYSE:KWR) is anticipated to announce its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $1.62 per share and revenue of $430.47 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The company had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same quarter in the prior year, the firm earned $1.78 earnings per share. On average, analysts expect Quaker Chemical to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Quaker Chemical Stock Performance

Shares of KWR opened at $138.26 on Thursday. The firm has a market capitalization of $2.46 billion, a PE ratio of 20.27, a P/E/G ratio of 1.62 and a beta of 1.39. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $138.22 and a 200 day moving average price of $153.74. Quaker Chemical has a 52-week low of $124.66 and a 52-week high of $207.83.

Quaker Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.40%. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KWR. Royal Bank of Canada cut their price target on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler reiterated a “neutral” rating and set a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th.

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.