According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “
Separately, Jefferies Group reissued a hold rating on shares of Quaker Chemical Corp. in a research report on Sunday, July 17th.
Quaker Chemical Corp. (NYSE:KWR) opened at 103.12 on Tuesday. The stock has a market cap of $1.37 billion, a P/E ratio of 25.47 and a beta of 1.42. The stock has a 50 day moving average price of $100.94 and a 200-day moving average price of $92.39. Quaker Chemical Corp. has a 52 week low of $68.20 and a 52 week high of $106.92.
Quaker Chemical Corp. (NYSE:KWR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The company earned $186.91 million during the quarter, compared to the consensus estimate of $187.77 million. Quaker Chemical Corp. had a net margin of 7.28% and a return on equity of 15.21%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. On average, equities analysts anticipate that Quaker Chemical Corp. will post $4.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, October 13th. Quaker Chemical Corp.’s dividend payout ratio is currently 34.07%.
Large investors have recently modified their holdings of the company. Howe & Rusling Inc. boosted its stake 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 in the last quarter. PineBridge Investments L.P. boosted its stake 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 in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Quaker Chemical Corp. by 1.1% in the second quarter. BlackRock Advisors LLC now owns 6,210 shares of the company’s stock valued at $554,000 after buying an additional 66 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Quaker Chemical Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock valued at $245,000 after buying an additional 68 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Quaker Chemical Corp. by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 14,800 shares of the company’s stock valued at $1,320,000 after buying an additional 100 shares in the last quarter. Institutional investors own 82.26% of the company’s stock.
Quaker Chemical Corp. Company Profile
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.
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