Quaker Chemical Corporation (NYSE:KWR) has been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $161.00.
KWR has been the topic of a number of analyst reports. BidaskClub lowered Quaker Chemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Jefferies Group reissued a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical in a report on Sunday, September 3rd. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. FBR & Co set a $165.00 price objective on Quaker Chemical and gave the company a “hold” rating in a report on Friday, October 27th. Finally, B. Riley reissued a “neutral” rating on shares of Quaker Chemical in a report on Wednesday, November 1st.
In other news, Director Mark Douglas sold 1,575 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $164.23, for a total transaction of $258,662.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jan Nieman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the transaction, the vice president now owns 14,636 shares of the company’s stock, valued at $2,122,220. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,938 shares of company stock valued at $4,081,305. 3.60% of the stock is currently owned by insiders.
Quaker Chemical (NYSE KWR) traded down $4.35 during trading hours on Friday, reaching $160.43. The company’s stock had a trading volume of 82,000 shares, compared to its average volume of 57,600. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. Quaker Chemical has a one year low of $124.92 and a one year high of $165.93. The stock has a market capitalization of $2,133.60, a price-to-earnings ratio of 32.02, a PEG ratio of 2.91 and a beta of 1.35.
Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.06. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The business had revenue of $212.90 million for the quarter, compared to analyst estimates of $200.71 million. During the same period in the previous year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. research analysts predict that Quaker Chemical will post 5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.42 dividend on an annualized basis and a yield of 0.89%. Quaker Chemical’s payout ratio is currently 40.00%.
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Quaker Chemical 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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