Quaker Chemical (NYSE:KWR) Issues Earnings Results

Quaker Chemical (NYSE:KWR) issued its quarterly earnings results on Thursday. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19), Briefing.com reports. The firm 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 10.20% and a net margin of 6.58%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $2.05 EPS.

Quaker Chemical Stock Up 6.3 %

Shares of KWR stock traded up $9.51 during mid-day trading on Friday, hitting $161.09. The company’s stock had a trading volume of 203,243 shares, compared to its average volume of 89,987. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.81 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63. Quaker Chemical has a 52-week low of $142.81 and a 52-week high of $221.94. The business has a 50-day moving average price of $162.87 and a 200 day moving average price of $172.16.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KWR shares. Royal Bank of Canada dropped their target price on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price 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. Finally, StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

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.