Quaker Chemical (NYSE:KWR) Releases Earnings Results, Misses Estimates By $0.15 EPS

Quaker Chemical (NYSE:KWR) announced its quarterly earnings results on Thursday. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.15), Briefing.com reports. The firm had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share.

Quaker Chemical Trading Up 6.3 %

Shares of KWR stock traded up $9.51 on Friday, hitting $161.09. 203,241 shares of the company’s stock traded hands, compared to its average volume of 94,354. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.84 and a beta of 1.37. The company’s fifty day simple moving average is $162.99 and its 200 day simple moving average is $172.50. Quaker Chemical has a one year low of $142.81 and a one year high of $221.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63.

Analysts Set New Price Targets

Several research firms recently weighed in on KWR. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Finally, Royal Bank of Canada reduced their target price on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th.

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.