Quaker Houghton (NYSE:KWR – Get Free Report) issued its quarterly earnings data on Thursday. The specialty chemicals company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.29, FiscalAI reports. The company had revenue of $544.55 million during 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%.
Quaker Houghton Stock Up 0.3%
NYSE KWR traded up $0.45 on Thursday, hitting $157.37. The stock had a trading volume of 164,117 shares, compared to its average volume of 158,789. The business’s fifty day moving average price is $159.23 and its 200 day moving average price is $150.41. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.46 and a quick ratio of 1.70. Quaker Houghton has a 52-week low of $112.18 and a 52-week high of $183.01.
Wall Street Analyst Weigh In
Several brokerages have issued reports on KWR. Wall Street Zen raised Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Zacks Research cut Quaker Houghton from a “strong-buy” rating to a “hold” rating in a research note on Monday. Truist Financial reaffirmed a “buy” rating and set a $190.00 price objective (up from $172.00) on shares of Quaker Houghton in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $188.00.
View Our Latest Stock Report on Quaker Houghton
Insider Activity at Quaker Houghton
In other news, Director William Osborne sold 600 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the completion of the sale, the director owned 616 shares in the company, valued at approximately $103,678.96. This represents a 49.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
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.
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