Quaker Chemical Co. (NYSE:KWR) Expected to Earn Q2 2024 Earnings of $2.24 Per Share

Quaker Chemical Co. (NYSE:KWR) – Equities researchers at Seaport Res Ptn reduced their Q2 2024 earnings estimates for shares of Quaker Chemical in a research report issued on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $2.24 per share for the quarter, down from their previous estimate of $2.30. The consensus estimate for Quaker Chemical’s current full-year earnings is $8.69 per share. Seaport Res Ptn also issued estimates for Quaker Chemical’s Q3 2024 earnings at $2.37 EPS, FY2024 earnings at $8.94 EPS, Q1 2025 earnings at $2.42 EPS, Q2 2025 earnings at $2.63 EPS and FY2025 earnings at $10.38 EPS.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The company had revenue of $469.76 million during the quarter, compared to analysts’ expectations of $494.53 million. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 earnings per share.

KWR has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd.

Quaker Chemical Stock Up 1.1 %

Shares of KWR stock opened at $187.19 on Wednesday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.43 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.98 and a current ratio of 2.66. The stock’s 50 day simple moving average is $196.22 and its 200 day simple moving average is $190.74. Quaker Chemical has a twelve month low of $138.67 and a twelve month high of $221.94.

Quaker Chemical announced that its Board of Directors has approved a share buyback program on Wednesday, February 28th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the specialty chemicals company to buy up to 4.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.97%. Quaker Chemical’s dividend payout ratio (DPR) is presently 27.70%.

Institutional Investors Weigh In On Quaker Chemical

Several hedge funds have recently modified their holdings of KWR. Sei Investments Co. raised its stake in Quaker Chemical by 4.4% during the 1st quarter. Sei Investments Co. now owns 18,953 shares of the specialty chemicals company’s stock valued at $3,891,000 after purchasing an additional 806 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Quaker Chemical by 3.1% during the first quarter. Illinois Municipal Retirement Fund now owns 7,983 shares of the specialty chemicals company’s stock valued at $1,639,000 after buying an additional 243 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Quaker Chemical by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 12,120 shares of the specialty chemicals company’s stock valued at $2,488,000 after buying an additional 156 shares during the period. GSA Capital Partners LLP acquired a new stake in Quaker Chemical during the first quarter worth about $706,000. Finally, Mutual of America Capital Management LLC increased its stake in Quaker Chemical by 64.1% during the first quarter. Mutual of America Capital Management LLC now owns 24,419 shares of the specialty chemicals company’s stock valued at $5,012,000 after acquiring an additional 9,535 shares during the period. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Company Profile

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.