Seaport Global Securities Comments on Quaker Chemical Corp’s Q3 2018 Earnings (NYSE:KWR)

Quaker Chemical Corp (NYSE:KWR) – Equities researchers at Seaport Global Securities lowered their Q3 2018 earnings per share estimates for shares of Quaker Chemical in a research report issued on Wednesday, October 17th, Zacks Investment Research reports. Seaport Global Securities analyst M. Harrison now forecasts that the specialty chemicals company will earn $1.52 per share for the quarter, down from their prior estimate of $1.56. Seaport Global Securities also issued estimates for Quaker Chemical’s Q4 2018 earnings at $1.47 EPS and Q3 2019 earnings at $1.76 EPS.

Several other brokerages also recently weighed in on KWR. Sidoti upped their target price on Quaker Chemical from $151.00 to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 10th. Zacks Investment Research downgraded Quaker Chemical from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. B. Riley set a $170.00 price objective on Quaker Chemical and gave the company a “hold” rating in a research note on Tuesday, July 31st. Finally, Janney Montgomery Scott assumed coverage on Quaker Chemical in a research note on Friday, July 13th. They issued a “neutral” rating and a $170.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Quaker Chemical currently has an average rating of “Hold” and a consensus price target of $179.40.

Shares of KWR stock traded up $0.31 during trading hours on Thursday, hitting $204.86. 36,180 shares of the company’s stock were exchanged, compared to its average volume of 82,073. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.72 and a quick ratio of 2.11. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 3.18 and a beta of 1.37. Quaker Chemical has a fifty-two week low of $137.95 and a fifty-two week high of $211.14.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, November 1st. The specialty chemicals company reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.07. The business had revenue of $222.02 million during the quarter, compared to the consensus estimate of $221.31 million. Quaker Chemical had a return on equity of 18.36% and a net margin of 4.83%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, October 16th. Quaker Chemical’s dividend payout ratio is currently 29.54%.

In other Quaker Chemical news, VP Ronald S. Ettinger sold 663 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $173.50, for a total value of $115,030.50. Following the completion of the sale, the vice president now directly owns 4,028 shares in the company, valued at approximately $698,858. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP L Wilbert Platzer sold 1,957 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $177.76, for a total value of $347,876.32. Following the completion of the sale, the vice president now owns 6,927 shares of the company’s stock, valued at $1,231,343.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,125 shares of company stock valued at $1,154,038. 3.20% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Quaker Chemical by 4.9% in the 3rd quarter. BlackRock Inc. now owns 1,897,934 shares of the specialty chemicals company’s stock valued at $383,781,000 after buying an additional 87,878 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Quaker Chemical by 22,999.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 821,411 shares of the specialty chemicals company’s stock valued at $520,000 after buying an additional 817,855 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Quaker Chemical by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 720,324 shares of the specialty chemicals company’s stock valued at $145,658,000 after buying an additional 18,869 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in Quaker Chemical by 5.7% in the 2nd quarter. Standard Life Aberdeen plc now owns 363,345 shares of the specialty chemicals company’s stock valued at $56,306,000 after buying an additional 19,711 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Quaker Chemical by 11.2% in the 2nd quarter. Macquarie Group Ltd. now owns 275,731 shares of the specialty chemicals company’s stock valued at $42,702,000 after buying an additional 27,824 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Quaker Chemical Company Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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