Q2 2024 EPS Estimates for Quaker Chemical Co. Lowered by Analyst (NYSE:KWR)

Quaker Chemical Co. (NYSE:KWR) – Investment analysts at Seaport Res Ptn decreased their Q2 2024 earnings per share 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 per share of $2.24 for the quarter, down from their previous forecast 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 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.12. The business had revenue of $469.76 million during the quarter, compared to analyst estimates of $494.53 million. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. Quaker Chemical’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.89 EPS.

A number of other equities analysts also recently weighed in on KWR. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada upped their price objective on Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research note on Monday, March 4th.

Quaker Chemical Stock Performance

Shares of KWR stock opened at $189.51 on Wednesday. Quaker Chemical has a one year low of $138.67 and a one year high of $221.94. The company has a market cap of $3.41 billion, a P/E ratio of 28.84, a P/E/G ratio of 1.43 and a beta of 1.48. The firm has a 50-day moving average of $195.86 and a 200-day moving average of $190.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.98.

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 0.96%. Quaker Chemical’s dividend payout ratio (DPR) is currently 27.70%.

Quaker Chemical declared that its board has approved a share repurchase plan on Wednesday, February 28th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the specialty chemicals company to purchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Quaker Chemical

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in Quaker Chemical by 8.6% during the 4th quarter. SG Americas Securities LLC now owns 856 shares of the specialty chemicals company’s stock valued at $183,000 after acquiring an additional 68 shares during the period. Comerica Bank raised its stake in shares of Quaker Chemical by 1.1% during the 4th quarter. Comerica Bank now owns 9,057 shares of the specialty chemicals company’s stock valued at $1,933,000 after purchasing an additional 96 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Quaker Chemical by 14.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 754 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 97 shares in the last quarter. Strs Ohio boosted its stake in Quaker Chemical by 50.0% in the 4th quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 100 shares during the period. Finally, Personal CFO Solutions LLC grew its holdings in Quaker Chemical by 8.1% during the 4th quarter. Personal CFO Solutions LLC now owns 1,369 shares of the specialty chemicals company’s stock valued at $292,000 after buying an additional 102 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

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.