Q2 2024 EPS Estimates for Quaker Chemical Co. Lowered by Seaport Res Ptn (NYSE:KWR)

Quaker Chemical Co. (NYSE:KWR) – Research analysts at Seaport Res Ptn lowered their Q2 2024 EPS estimates for shares of Quaker Chemical in a report released on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $2.24 for the quarter, down from their previous estimate of $2.30. The consensus estimate for Quaker Chemical’s current full-year earnings is $8.69 per share. Seaport Res Ptn also issued estimates for Quaker Chemical’s Q3 2024 earnings at $2.37 EPS, FY2024 earnings at $8.94 EPS, Q1 2025 earnings at $2.42 EPS, Q2 2025 earnings at $2.63 EPS and FY2025 earnings at $10.38 EPS.

Several other equities analysts have also issued reports on KWR. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada boosted their price objective on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a report on Monday, March 4th.

Quaker Chemical Trading Up 1.6 %

NYSE KWR opened at $190.16 on Wednesday. Quaker Chemical has a 12 month low of $138.67 and a 12 month high of $221.94. The stock has a 50-day simple moving average of $196.08 and a 200 day simple moving average of $190.73. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $3.42 billion, a PE ratio of 28.94, a P/E/G ratio of 1.43 and a beta of 1.48.

Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The firm had revenue of $469.76 million during the quarter, compared to analyst estimates of $494.53 million. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 EPS.

Quaker Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.96%. Quaker Chemical’s dividend payout ratio is currently 27.70%.

Quaker Chemical announced that its board has initiated a share buyback plan on Wednesday, February 28th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the specialty chemicals company to purchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new stake in Quaker Chemical in the 1st quarter valued at $25,000. SRS Capital Advisors Inc. lifted its holdings in shares of Quaker Chemical by 345.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 128 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Quaker Chemical during the first quarter worth about $41,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Quaker Chemical during the fourth quarter worth about $50,000. Finally, Strs Ohio raised its position in Quaker Chemical by 50.0% in the 4th quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock valued at $64,000 after buying an additional 100 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.

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.