Seaport Res Ptn Forecasts Lower Earnings for Quaker Chemical

Quaker Chemical Co. (NYSE:KWR - Free Report) - Equities research analysts at Seaport Res Ptn cut their FY2024 EPS estimates for shares of Quaker Chemical in a research report issued to clients and investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will post earnings of $7.69 per share for the year, down from their previous estimate of $7.79. The consensus estimate for Quaker Chemical's current full-year earnings is $7.77 per share. Seaport Res Ptn also issued estimates for Quaker Chemical's Q4 2024 earnings at $1.55 EPS, Q1 2025 earnings at $1.79 EPS, Q2 2025 earnings at $1.99 EPS, Q3 2025 earnings at $2.07 EPS, Q4 2025 earnings at $2.05 EPS, FY2025 earnings at $7.91 EPS and FY2026 earnings at $9.48 EPS.

Several other analysts also recently weighed in on the company. StockNews.com upgraded Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Piper Sandler restated a "neutral" rating and set a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Royal Bank of Canada reduced their target price on Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research note on Monday, November 4th.

Quaker Chemical Trading Up 1.6 %

Shares of KWR stock traded up $2.24 during mid-day trading on Thursday, reaching $139.85. The company's stock had a trading volume of 81,540 shares, compared to its average volume of 173,020. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2.49 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.52 and a beta of 1.39. The company's 50 day simple moving average is $147.16 and its 200-day simple moving average is $159.82. Quaker Chemical has a 12-month low of $124.66 and a 12-month high of $207.83.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $462.27 million during the quarter, compared to analysts' expectations of $469.17 million. During the same period in the previous year, the firm posted $2.05 earnings per share. The firm's revenue was down 5.8% on a year-over-year basis.

Institutional Trading of Quaker Chemical

A number of hedge funds and other institutional investors have recently made changes to their positions in KWR. Hunter Perkins Capital Management LLC acquired a new stake in Quaker Chemical during the 4th quarter worth about $764,000. KBC Group NV lifted its position in shares of Quaker Chemical by 32.8% in the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock worth $98,000 after acquiring an additional 172 shares during the period. Inspire Investing LLC increased its stake in Quaker Chemical by 17.7% in the fourth quarter. Inspire Investing LLC now owns 2,866 shares of the specialty chemicals company's stock valued at $403,000 after acquiring an additional 432 shares during the period. Park Avenue Securities LLC boosted its stake in Quaker Chemical by 9.2% in the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company's stock valued at $243,000 after buying an additional 146 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Quaker Chemical by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company's stock worth $1,269,000 after buying an additional 110 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the sale, the executive vice president now directly owns 4,747 shares of the company's stock, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Slinkman sold 1,700 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares of the company's stock, valued at $474,035. This trade represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, January 17th. Quaker Chemical's dividend payout ratio is currently 28.45%.

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.