Quaker Chemical Corp. (NYSE:KWR) – Jefferies Group reduced their FY2016 earnings estimates for shares of Quaker Chemical Corp. in a research report issued to clients and investors on Thursday. Jefferies Group analyst L. Alexander now forecasts that the firm will post earnings per share of $4.55 for the year, down from their previous forecast of $4.60. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Quaker Chemical Corp.’s Q4 2016 earnings at $1.21 EPS, FY2017 earnings at $5.00 EPS, FY2018 earnings at $5.25 EPS, FY2019 earnings at $5.75 EPS and FY2020 earnings at $6.05 EPS.
Separately, Zacks Investment Research cut Quaker Chemical Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th.
Quaker Chemical Corp. (NYSE:KWR) opened at 106.19 on Monday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 25.42 and a beta of 1.42. Quaker Chemical Corp. has a 12-month low of $68.20 and a 12-month high of $108.20. The company’s 50-day moving average price is $103.08 and its 200-day moving average price is $94.56.
Quaker Chemical Corp. (NYSE:KWR) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. Quaker Chemical Corp. had a net margin of 7.49% and a return on equity of 15.02%. The business had revenue of $190.40 million for the quarter, compared to analysts’ expectations of $191.49 million. During the same period in the previous year, the business earned $1.19 earnings per share. The company’s revenue was up .6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, October 13th. Quaker Chemical Corp.’s dividend payout ratio is presently 33.01%.
Hedge funds have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. boosted its stake in Quaker Chemical Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 1,679 shares of the company’s stock worth $150,000 after buying an additional 66 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Quaker Chemical Corp. by 3.6% in the second quarter. Howe & Rusling Inc. now owns 1,750 shares of the company’s stock worth $156,000 after buying an additional 60 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Quaker Chemical Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 1,862 shares of the company’s stock worth $166,000 after buying an additional 227 shares in the last quarter. Legal & General Group Plc boosted its stake in Quaker Chemical Corp. by 13.5% in the second quarter. Legal & General Group Plc now owns 2,110 shares of the company’s stock worth $183,000 after buying an additional 251 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Quaker Chemical Corp. by 108.6% in the second quarter. BlackRock Inc. now owns 2,121 shares of the company’s stock worth $190,000 after buying an additional 1,104 shares in the last quarter. Institutional investors and hedge funds own 82.30% of the company’s stock.
Quaker Chemical Corp. Company Profile