Quaker Chemical Corporation Com (NYSE:KWR):
Quaker Chemical Announces Third Quarter 2016 Results.
In the market the company is trading down from yesterday’s close of $107.09.
Quaker Chemical Corporation Com recently announced a dividend payable on Monday the 31st of October 2016. The dividend payment will be $0.345 per share for the quarter which comes to $1.38 on an annualized basis. This dividend represents a yeild of $1.34 which is the dividend as a percentage of the current share price. The ex-dividend date will be Thursday the 13th of October 2016.
Shares are trading at $106.19 just a bit higher than $103.08, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $94.56. The 50 day moving average went up by +3.02% and the 200 day average went up $11.63 or +12.30%.
The company’s P/E ratio is 25.42 and the market cap is 1.41B. As of the latest earnings report the EPS was $4.18 and is estimated to be $4.53 for the current year with 13,257,000 shares outstanding. Next quarter’s EPS is estimated at $1.18 with next year’s EPS anticipated to be $4.89.
Several investment firms have released opinions on KWR of late. On May 2 the stock rating was downgraded from “Accumulate” to “Neutral” in a report from Seaport Global. On February 16 the company was rated “Hold” in a report from Jefferies a cut from the previous “Buy” rating.
On January 13, 2016 the stock rating was changed to a “Accumulate” by Seaport Global which is up from the previous “Neutral” rating. October 21 investment analysts at Jefferies made no change to the stock rating of “Buy” but lowered the price target to $94.00 from $110.00.
On July 15 Jefferies left the company rating at “Buy” and raised the price target from $96.00 to $100.00. Equity analyst Global Hunter added the stock to its research portfolio with an initial rating of “Neutral” and projecting a price target of $88.00.