Quaker Houghton (NYSE:KWR) Plans $0.51 Quarterly Dividend

Quaker Houghton (NYSE:KWR) announced a quarterly dividend on Wednesday, November 19th. Shareholders of record on Friday, January 16th will be given a dividend of 0.508 per share by the specialty chemicals company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, January 16th.

Quaker Houghton has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 17 years. Quaker Houghton has a dividend payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Quaker Houghton to earn $8.42 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 24.1%.

Quaker Houghton Trading Up 1.4%

Shares of Quaker Houghton stock traded up $1.79 on Thursday, hitting $129.44. 19,872 shares of the company’s stock traded hands, compared to its average volume of 157,628. The firm’s 50-day moving average price is $133.71 and its two-hundred day moving average price is $125.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.56 and a quick ratio of 1.87. The stock has a market capitalization of $2.24 billion, a PE ratio of -302.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.47. Quaker Houghton has a one year low of $95.91 and a one year high of $168.96.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.14. Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.The business had revenue of $493.84 million for the quarter, compared to analyst estimates of $475.06 million. During the same period last year, the company earned $1.89 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. On average, research analysts expect that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Zacks Research lowered Quaker Houghton from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada boosted their price objective on shares of Quaker Houghton from $149.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Quaker Houghton in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $152.33.

Quaker Houghton 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.