Quaker Houghton (NYSE:KWR) Issues Earnings Results, Misses Expectations By $0.06 EPS

Quaker Houghton (NYSE:KWR) posted its quarterly earnings results on Monday. The specialty chemicals company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.06), FiscalAI reports. Quaker Houghton had a positive return on equity of 8.64% and a negative net margin of 0.48%.The business had revenue of $468.48 million during the quarter, compared to analyst estimates of $465.17 million.

Quaker Houghton Price Performance

NYSE KWR traded down $4.67 on Monday, reaching $169.77. 217,293 shares of the company’s stock traded hands, compared to its average volume of 133,937. The stock has a market cap of $2.94 billion, a PE ratio of -346.48, a P/E/G ratio of 1.64 and a beta of 1.35. Quaker Houghton has a 12 month low of $95.91 and a 12 month high of $183.01. The stock has a 50-day simple moving average of $155.53 and a 200 day simple moving average of $142.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 1.77.

Institutional Trading of Quaker Houghton

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Quaker Houghton by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 225 shares during the period. Global Retirement Partners LLC increased its stake in Quaker Houghton by 556.9% in the 4th quarter. Global Retirement Partners LLC now owns 335 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 284 shares during the period. Kestra Advisory Services LLC bought a new stake in Quaker Houghton in the fourth quarter valued at approximately $52,000. Danske Bank A S purchased a new stake in shares of Quaker Houghton during the third quarter valued at approximately $66,000. Finally, State of Wyoming purchased a new stake in shares of Quaker Houghton during the fourth quarter valued at approximately $66,000. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KWR. Wall Street Zen upgraded Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $190.00 target price on shares of Quaker Houghton in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.67.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.