Quaker Chemical Co. (NYSE:KWR – Get Rating) – Analysts at Seaport Res Ptn cut their FY2022 earnings per share (EPS) estimates for Quaker Chemical in a note issued to investors on Wednesday, January 18th. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will earn $5.81 per share for the year, down from their prior forecast of $5.90. The consensus estimate for Quaker Chemical’s current full-year earnings is $5.74 per share. Seaport Res Ptn also issued estimates for Quaker Chemical’s Q2 2023 earnings at $1.86 EPS, Q3 2023 earnings at $2.09 EPS and Q4 2023 earnings at $2.04 EPS.
Several other research firms have also recently issued reports on KWR. StockNews.com started coverage on Quaker Chemical in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Royal Bank of Canada started coverage on shares of Quaker Chemical in a research note on Tuesday, October 25th. They set an “outperform” rating and a $196.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Quaker Chemical from $180.00 to $200.00 in a research note on Friday, November 11th.
Quaker Chemical Price Performance
Quaker Chemical (NYSE:KWR – Get Rating) last released its earnings results on Thursday, November 3rd. The specialty chemicals company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.31. The firm had revenue of $492.22 million during the quarter, compared to the consensus estimate of $483.15 million. Quaker Chemical had a return on equity of 7.67% and a net margin of 4.10%.
Institutional Trading of Quaker Chemical
Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in shares of Quaker Chemical by 327.5% in the third quarter. Quadrant Capital Group LLC now owns 436 shares of the specialty chemicals company’s stock worth $63,000 after acquiring an additional 334 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Quaker Chemical by 3,616.7% in the second quarter. First Horizon Advisors Inc. now owns 446 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 434 shares during the last quarter. US Bancorp DE increased its stake in shares of Quaker Chemical by 9.4% in the second quarter. US Bancorp DE now owns 825 shares of the specialty chemicals company’s stock worth $124,000 after acquiring an additional 71 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Quaker Chemical by 63.2% in the third quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the specialty chemicals company’s stock worth $162,000 after acquiring an additional 435 shares during the last quarter. Finally, KBC Group NV acquired a new position in shares of Quaker Chemical in the second quarter worth $170,000. 80.91% of the stock is owned by institutional investors and hedge funds.
Quaker Chemical Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, January 13th. Quaker Chemical’s dividend payout ratio (DPR) is currently 39.91%.
Quaker Chemical Company Profile
Quaker Houghton is engaged in the business of developing, producing and marketing formulated chemical specialty products. It operates through the following geographical segments: Americas, Europe, Middle East and Africa, Asia Pacific, and Global Specialty Businesses. Its products include can making lubricants, cleaners, coatings, cold rolling oils, corrosion preventives, die casting lubricants, dust suppressants, greases, ground control agents, hot rolling oils, hydraulic fluids, industrial lubricants, longwall fluids, metal forming fluids, metal removal fluids, pickle oils, surface treatments, temper fluids, and tin plating.
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