FY2024 EPS Estimates for Quaker Chemical Lowered by Analyst

Quaker Chemical Co. (NYSE:KWR) – Analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for Quaker Chemical in a research note issued on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $7.69 per share for the year, down from their previous forecast 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.

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

A number of other equities analysts have also recently weighed in on the company. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th. Royal Bank of Canada cut their price objective on shares of 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, Piper Sandler reiterated a “neutral” rating and issued a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th.

Quaker Chemical Trading Down 0.9 %

Shares of KWR stock opened at $137.67 on Thursday. The business has a 50-day moving average price of $147.16 and a two-hundred day moving average price of $159.82. Quaker Chemical has a 12-month low of $124.66 and a 12-month high of $207.83. 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 cap of $2.45 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.39.

Hedge Funds Weigh In On Quaker Chemical

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hunter Perkins Capital Management LLC bought a new position in Quaker Chemical in the 4th quarter worth $764,000. KBC Group NV lifted its holdings in Quaker Chemical by 32.8% in the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock worth $98,000 after buying an additional 172 shares during the period. Inspire Investing LLC boosted its position in Quaker Chemical by 17.7% during the 4th 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 in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Quaker Chemical by 9.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $243,000 after acquiring an additional 146 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in shares of Quaker Chemical by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock worth $1,269,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

Insider Transactions at Quaker Chemical

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

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

Quaker Chemical Company Profile

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.