Quaker Chemical (KWR) Projected to Post Quarterly Earnings on Thursday

Quaker Chemical (NYSE:KWR) is expected to announce its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $1.62 per share and revenue of $430.47 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Quaker Chemical (NYSE:KWR) last released its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The firm had revenue of $444.09 million during the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, analysts expect Quaker Chemical to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Quaker Chemical Stock Performance

NYSE:KWR opened at $133.79 on Tuesday. The business has a 50 day moving average of $138.20 and a 200 day moving average of $153.42. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.62 and a beta of 1.39. Quaker Chemical has a 1-year low of $124.66 and a 1-year high of $207.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.45%. Quaker Chemical’s payout ratio is currently 29.80%.

Analyst Upgrades and Downgrades

KWR has been the subject of several recent research reports. Royal Bank of Canada lowered their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Piper Sandler restated a “neutral” rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th.

About Quaker Chemical

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.