Quaker Houghton (NYSE:KWR) Announces Earnings Results, Beats Expectations By $0.29 EPS

Quaker Houghton (NYSE:KWR) issued its quarterly earnings results on Thursday. The specialty chemicals company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.10 by $0.29, FiscalAI reports. The company had revenue of $544.55 million for the quarter, compared to the consensus estimate of $522.88 million. Quaker Houghton had a net margin of 4.94% and a return on equity of 9.55%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.08 EPS.

Quaker Houghton Stock Performance

Shares of KWR traded down $4.95 during mid-day trading on Friday, hitting $152.93. 126,717 shares of the company’s stock were exchanged, compared to its average volume of 158,535. Quaker Houghton has a fifty-two week low of $112.18 and a fifty-two week high of $183.01. The company has a current ratio of 2.46, a quick ratio of 1.70 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $159.04 and its two-hundred day moving average is $150.44. The firm has a market capitalization of $2.63 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.06 and a beta of 1.40.

Insider Buying and Selling

In other news, Director William Osborne sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total value of $100,986.00. Following the completion of the sale, the director directly owned 616 shares in the company, valued at approximately $103,678.96. The trade was a 49.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KWR shares. Weiss Ratings upgraded Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Wall Street Zen raised Quaker Houghton from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Truist Financial restated a “buy” rating and set a $190.00 price objective (up from $172.00) on shares of Quaker Houghton in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada lifted their price target on Quaker Houghton from $198.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.00.

About Quaker Houghton

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.