Quaker Chemical Corporation Expected to Post FY2017 Earnings of $4.97 Per Share (NYSE:KWR)

Quaker Chemical Corporation (NYSE:KWR) – Research analysts at FBR & Co issued their FY2017 earnings estimates for shares of Quaker Chemical Corporation in a report released on Tuesday. FBR & Co analyst L. Burke anticipates that the specialty chemicals company will post earnings of $4.97 per share for the year. FBR & Co has a “Marketperform” rating on the stock. FBR & Co also issued estimates for Quaker Chemical Corporation’s FY2018 earnings at $5.39 EPS.

Quaker Chemical Corporation (NYSE:KWR) last announced its earnings results on Monday, May 1st. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.12. The business had revenue of $194.91 million during the quarter, compared to the consensus estimate of $186.33 million. Quaker Chemical Corporation had a return on equity of 15.46% and a net margin of 7.26%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS.

ILLEGAL ACTIVITY NOTICE: “Quaker Chemical Corporation Expected to Post FY2017 Earnings of $4.97 Per Share (NYSE:KWR)” was first reported by Stock Observer and is the property of of Stock Observer. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2017/07/16/quaker-chemical-corporation-expected-to-post-fy2017-earnings-of-4-97-per-share-nysekwr.html.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research note on Thursday, April 6th.

Quaker Chemical Corporation (NYSE:KWR) opened at 147.83 on Friday. The stock’s 50 day moving average price is $142.00 and its 200 day moving average price is $135.41. The firm has a market capitalization of $1.96 billion, a P/E ratio of 35.46 and a beta of 1.23. Quaker Chemical Corporation has a 52 week low of $85.93 and a 52 week high of $153.90.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Thursday, July 13th. This is an increase from Quaker Chemical Corporation’s previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.96%. Quaker Chemical Corporation’s payout ratio is 34.05%.

In related news, VP Dieter Laininger sold 8,000 shares of Quaker Chemical Corporation stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $142.50, for a total value of $1,140,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William Roland Cook sold 5,000 shares of Quaker Chemical Corporation stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $141.18, for a total value of $705,900.00. Following the completion of the sale, the director now owns 7,585 shares in the company, valued at $1,070,850.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,000 shares of company stock worth $2,397,570. Company insiders own 3.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Miles Capital Inc. increased its stake in Quaker Chemical Corporation by 1.8% in the first quarter. Miles Capital Inc. now owns 1,843 shares of the specialty chemicals company’s stock worth $243,000 after buying an additional 32 shares during the period. Cutler Group LP increased its stake in Quaker Chemical Corporation by 1.4% in the first quarter. Cutler Group LP now owns 2,390 shares of the specialty chemicals company’s stock worth $314,000 after buying an additional 34 shares during the period. State of Alaska Department of Revenue increased its stake in Quaker Chemical Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,470 shares of the specialty chemicals company’s stock worth $193,000 after buying an additional 40 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Quaker Chemical Corporation by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,030 shares of the specialty chemicals company’s stock worth $399,000 after buying an additional 40 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Quaker Chemical Corporation by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the specialty chemicals company’s stock worth $2,071,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 83.45% of the company’s stock.

Quaker Chemical Corporation Company Profile

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.

Earnings History and Estimates for Quaker Chemical Corporation (NYSE:KWR)

Receive News & Ratings for Quaker Chemical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply