FY2019 Earnings Estimate for Quaker Chemical Corp Issued By Jefferies Group (KWR)

Quaker Chemical Corp (NYSE:KWR) – Equities research analysts at Jefferies Group increased their FY2019 earnings per share estimates for Quaker Chemical Corp in a research note issued to investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will earn $6.90 per share for the year, up from their prior estimate of $5.85. Jefferies Group currently has a “Hold” rating and a $153.00 target price on the stock. Jefferies Group also issued estimates for Quaker Chemical Corp’s FY2020 earnings at $7.85 EPS.

Quaker Chemical Corp (NYSE:KWR) last issued its quarterly earnings results on Tuesday, February 28th. The specialty chemicals company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. Quaker Chemical Corp had a net margin of 7.49% and a return on equity of 15.02%. The business had revenue of $191.20 million for the quarter, compared to analysts’ expectations of $187.71 million. During the same quarter last year, the company posted $1.16 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year.

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Earnings History and Estimates for Quaker Chemical Corp (NYSE:KWR)

Separately, Zacks Investment Research upgraded shares of Quaker Chemical Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th.

Shares of Quaker Chemical Corp (NYSE:KWR) traded up 1.08% during trading on Friday, hitting $143.73. 33,703 shares of the stock traded hands. The company has a market cap of $1.91 billion, a PE ratio of 31.06 and a beta of 1.09. The firm has a 50 day moving average price of $133.05 and a 200-day moving average price of $125.35. Quaker Chemical Corp has a one year low of $81.12 and a one year high of $153.90.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Thursday, April 13th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.97%. Quaker Chemical Corp’s payout ratio is 33.01%.

Several institutional investors have recently made changes to their positions in KWR. Envestnet Asset Management Inc. raised its position in shares of Quaker Chemical Corp by 0.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,622 shares of the specialty chemicals company’s stock worth $719,000 after buying an additional 24 shares during the last quarter. Cutler Group LP raised its position in shares of Quaker Chemical Corp by 1.4% in the first quarter. Cutler Group LP now owns 2,390 shares of the specialty chemicals company’s stock worth $314,000 after buying an additional 34 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Quaker Chemical Corp by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,930 shares of the specialty chemicals company’s stock worth $310,000 after buying an additional 40 shares during the last quarter. 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 worth $193,000 after buying an additional 40 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Quaker Chemical Corp by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 5,400 shares of the specialty chemicals company’s stock worth $711,000 after buying an additional 100 shares during the last quarter. Institutional investors own 82.32% of the company’s stock.

Quaker Chemical Corp Company Profile

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.

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