Quaker Chemical (NYSE:KWR) Releases Earnings Results, Beats Estimates By $0.12 EPS

Quaker Chemical (NYSE:KWR) released its quarterly earnings data on Thursday. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.97 by $0.12, Briefing.com reports. The company had revenue of $469.76 million for the quarter, compared to analysts’ expectations of $494.53 million. Quaker Chemical had a return on equity of 10.42% and a net margin of 6.16%. Quaker Chemical’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.89 earnings per share.

Quaker Chemical Stock Performance

Shares of KWR stock traded down $7.14 during mid-day trading on Friday, reaching $185.56. 137,930 shares of the company’s stock traded hands, compared to its average volume of 66,960. Quaker Chemical has a 12 month low of $138.67 and a 12 month high of $221.94. The firm has a 50 day moving average price of $196.72 and a two-hundred day moving average price of $189.56. The firm has a market capitalization of $3.34 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.89 and a current ratio of 2.52.

Quaker Chemical Announces Dividend

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

Analyst Ratings Changes

KWR has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of Quaker Chemical from $200.00 to $223.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd.

Quaker Chemical declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 28th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire up to 4.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.