Quaker Chemical (NYSE:KWR) Announces Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Quaker Chemical (NYSE:KWR) posted its earnings results on Thursday. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 analysts’ expectations of $494.53 million. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.42%. Quaker Chemical’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 EPS.

Quaker Chemical Price Performance

NYSE:KWR traded down $7.14 during mid-day trading on Friday, reaching $185.56. 137,930 shares of the stock were exchanged, compared to its average volume of 66,960. The firm has a market capitalization of $3.34 billion, a PE ratio of 28.24, a PEG ratio of 1.49 and a beta of 1.48. Quaker Chemical has a 1-year low of $138.67 and a 1-year high of $221.94. The company has a current ratio of 2.52, a quick ratio of 1.89 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average price of $196.72 and a 200 day moving average price of $189.56.

Quaker Chemical Announces Dividend

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

Quaker Chemical declared that its board has initiated a share repurchase program on Wednesday, February 28th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to repurchase up to 4.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KWR. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a 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 company an “outperform” rating in a report 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.