Quaker Chemical (KWR) Set to Announce Earnings on Thursday

Quaker Chemical (NYSE:KWR - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $2.08 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.08). The firm had revenue of $463.57 million during the quarter, compared to analysts' expectations of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. Quaker Chemical's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.93 earnings per share. On average, analysts expect Quaker Chemical to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Quaker Chemical Stock Down 0.0 %

Shares of Quaker Chemical stock traded down $0.01 during trading on Thursday, hitting $154.99. 78,117 shares of the stock traded hands, compared to its average volume of 93,903. Quaker Chemical has a 52-week low of $138.67 and a 52-week high of $221.94. The stock's fifty day simple moving average is $164.08 and its 200 day simple moving average is $174.13. The firm has a market cap of $2.79 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.37. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50.

Quaker Chemical Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.485 dividend. The ex-dividend date is Thursday, October 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.25%. This is a positive change from Quaker Chemical's previous quarterly dividend of $0.46. Quaker Chemical's payout ratio is currently 28.20%.

Analyst Ratings Changes

KWR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Quaker Chemical from $225.00 to $190.00 and set a "buy" rating on the stock in a report on Monday, August 26th. Royal Bank of Canada reduced their price target on Quaker Chemical from $220.00 to $195.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Finally, StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, October 16th.

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.