Quaker Chemical (NYSE:KWR) Releases Quarterly Earnings Results, Misses Expectations By $0.29 EPS

Quaker Chemical (NYSE:KWR) issued its quarterly earnings data on Monday. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29), Zacks reports. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period in the previous year, the company earned $1.78 earnings per share.

Quaker Chemical Stock Down 0.7 %

KWR stock opened at $140.63 on Tuesday. Quaker Chemical has a 52-week low of $124.66 and a 52-week high of $207.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a market capitalization of $2.50 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.62 and a beta of 1.39. The company’s 50 day simple moving average is $138.41 and its 200-day simple moving average is $153.94.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KWR. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Piper Sandler reiterated a “neutral” rating and issued a $170.00 price target (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 report on Monday, November 4th.

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.