Quaker Chemical Corp (KWR) Expected to Announce Quarterly Sales of $198.80 Million

Quaker Chemical Corp (KWR) Expected to Announce Quarterly Sales of $198.80 Million

On average, analysts expect that Quaker Chemical Corp will report full-year sales of $198.80 million for the current fiscal year, with estimates ranging from $784.00 million to $798.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $831.35 million per share, with estimates ranging from $825.60 million to $837.10 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Quaker Chemical Corp.

Wall Street brokerages expect Quaker Chemical Corp (NYSE:KWR) to post $198.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Quaker Chemical Corp’s earnings, with the highest sales estimate coming in at $199.10 million and the lowest estimate coming in at $198.50 million. Quaker Chemical Corp reported sales of $186.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The firm is expected to issue its next quarterly earnings report on Wednesday, July 26th.

Quaker Chemical Corp (NYSE:KWR) last announced its quarterly earnings data on Monday, May 1st. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.12. Quaker Chemical Corp had a net margin of 7.49% and a return on equity of 15.02%. The company had revenue of $194.91 million during the quarter, compared to analysts’ expectations of $186.33 million. During the same quarter in the prior year, the company earned $0.98 EPS. Quaker Chemical Corp’s revenue was up 9.5% compared to the same quarter last year.

A number of analysts recently weighed in on KWR shares. Zacks Investment Research lowered shares of Quaker Chemical Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Jefferies Group LLC reissued a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical Corp in a research report on Thursday, April 6th.

In other news, VP D Jeffry Benoliel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $137.69, for a total transaction of $413,070.00. Following the transaction, the vice president now directly owns 26,114 shares of the company’s stock, valued at $3,595,636.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Dieter Laininger sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $142.50, for a total transaction of $1,140,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,000 shares of company stock worth $2,258,970. Corporate insiders own 3.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of Quaker Chemical Corp by 54.2% in the first quarter. LS Investment Advisors LLC now owns 777 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 273 shares during the period. FNY Partners Fund LP acquired a new position in shares of Quaker Chemical Corp during the first quarter valued at about $134,000. Ameritas Investment Partners Inc. acquired a new position in shares of Quaker Chemical Corp during the first quarter valued at about $147,000. Elkfork Partners LLC acquired a new position in shares of Quaker Chemical Corp during the fourth quarter valued at about $170,000. Finally, State of Alaska Department of Revenue raised its position in shares of Quaker Chemical Corp by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,470 shares of the specialty chemicals company’s stock valued at $193,000 after buying an additional 40 shares during the last quarter. 82.32% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Corp (NYSE KWR) traded down 0.56% during trading on Wednesday, reaching $138.92. 544 shares of the company’s stock traded hands. Quaker Chemical Corp has a 1-year low of $82.40 and a 1-year high of $153.90. The firm has a 50 day moving average of $141.05 and a 200 day moving average of $132.85. The firm has a market capitalization of $1.85 billion, a PE ratio of 33.32 and a beta of 1.09.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a dividend of $0.355 per share. The ex-dividend date is Thursday, July 13th. This is a positive change from Quaker Chemical Corp’s previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a dividend yield of 1.02%. Quaker Chemical Corp’s dividend payout ratio (DPR) is 33.01%.

About Quaker Chemical Corp

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KWR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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