Today, Q3 2016 EPS Estimates for Quaker Chemical Corp. Decreased by Analyst (KWR)

Today, Q3 2016 EPS Estimates for Quaker Chemical Corp. Decreased by Analyst (KWR)

Quaker Chemical Corp. (NYSE:KWR) – Equities research analysts at Seaport Global Securities cut their Q3 2016 EPS estimates for Quaker Chemical Corp. in a note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the brokerage will post earnings of $1.25 per share for the quarter, down from their prior estimate of $1.32. Seaport Global Securities also issued estimates for Quaker Chemical Corp.’s Q2 2017 earnings at $1.29 EPS and Q4 2017 earnings at $1.30 EPS.

Quaker Chemical Corp. (NYSE:KWR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Quaker Chemical Corp. had a net margin of 7.28% and a return on equity of 15.21%. The firm had revenue of $186.91 million for the quarter, compared to analyst estimates of $187.77 million. During the same period last year, the business earned $1.15 EPS. Quaker Chemical Corp.’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Quaker Chemical Corp. from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, July 5th. Jefferies Group reiterated a “hold” rating on shares of Quaker Chemical Corp. in a research note on Sunday, July 17th.

Shares of Quaker Chemical Corp. (NYSE:KWR) traded up 1.61% during midday trading on Tuesday, reaching $105.08. 15,593 shares of the company traded hands. Quaker Chemical Corp. has a 12 month low of $68.20 and a 12 month high of $107.10. The company has a 50 day moving average of $102.02 and a 200 day moving average of $93.32. The firm has a market capitalization of $1.39 billion, a P/E ratio of 25.96 and a beta of 1.42.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PineBridge Investments L.P. increased its position in shares of Quaker Chemical Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 1,679 shares of the company’s stock valued at $150,000 after buying an additional 66 shares during the period. Howe & Rusling Inc. increased its position in shares of Quaker Chemical Corp. by 3.6% in the second quarter. Howe & Rusling Inc. now owns 1,750 shares of the company’s stock valued at $156,000 after buying an additional 60 shares during the period. Teacher Retirement System of Texas increased its position in shares of 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 valued at $166,000 after buying an additional 227 shares during the period. Legal & General Group Plc increased its position in shares of Quaker Chemical Corp. by 13.5% in the second quarter. Legal & General Group Plc now owns 2,110 shares of the company’s stock valued at $183,000 after buying an additional 251 shares during the period. Finally, BlackRock Inc. increased its position in shares of Quaker Chemical Corp. by 108.6% in the second quarter. BlackRock Inc. now owns 2,121 shares of the company’s stock valued at $190,000 after buying an additional 1,104 shares during the period. Institutional investors and hedge funds own 82.24% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be paid a $0.345 dividend. The ex-dividend date is Thursday, October 13th. This represents a $1.38 annualized dividend and a dividend yield of 1.33%. Quaker Chemical Corp.’s dividend payout ratio (DPR) is presently 34.07%.

About Quaker Chemical Corp.

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