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

Quaker Chemical (NYSE:KWR) is anticipated 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $444.09 million during the quarter, compared to analysts’ expectations of $430.47 million. During the same quarter in the prior 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 Trading Down 4.3 %

KWR opened at $138.26 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The business’s 50-day simple moving average is $138.22 and its 200-day simple moving average is $153.74. The company has a market cap of $2.46 billion, a P/E ratio of 20.27, a PEG ratio of 1.62 and a beta of 1.39. Quaker Chemical has a one year low of $124.66 and a one year high of $207.83.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.40%. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KWR. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Sandler reissued a “neutral” rating and set a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Royal Bank of Canada cut their price target on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday.

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.