Quaker Chemical (NYSE:KWR) Releases Quarterly Earnings Results

Quaker Chemical (NYSE:KWR) announced its quarterly earnings data on Monday. The specialty chemicals company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29), Zacks reports. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period last year, the company posted $1.78 EPS.

Quaker Chemical Stock Down 0.7 %

Quaker Chemical stock traded down $1.05 during mid-day trading on Monday, hitting $140.63. The company’s stock had a trading volume of 138,913 shares, compared to its average volume of 150,131. Quaker Chemical has a 52-week low of $124.66 and a 52-week high of $207.83. The company has a market cap of $2.50 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm’s 50 day moving average is $138.62 and its 200 day moving average is $154.08.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.38%. Quaker Chemical’s dividend payout ratio is 28.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KWR shares. Deutsche Bank Aktiengesellschaft cut their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Piper Sandler restated a “neutral” rating and set a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Royal Bank of Canada reduced their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

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.