Quaker Chemical (KWR) Projected to Post Quarterly Earnings on Thursday

Quaker Chemical (NYSE:KWR) is projected to announce its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $1.62 per share and revenue of $430.47 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The company had revenue of $444.09 million for the quarter, compared to analysts’ expectations of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period in the previous year, the firm earned $1.78 EPS. On average, analysts expect Quaker Chemical to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Quaker Chemical Stock Down 3.8 %

KWR stock opened at $133.79 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2.36 billion, a PE ratio of 19.62, a PEG ratio of 1.62 and a beta of 1.39. Quaker Chemical has a twelve month low of $124.66 and a twelve month high of $207.83. The stock has a 50-day simple moving average of $138.20 and a two-hundred day simple moving average of $153.42.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s payout ratio is presently 29.80%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th. Royal Bank of Canada cut their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Piper Sandler reissued 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.

Quaker Chemical Company Profile

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.