Quaker Chemical Corp (KWR) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.96. The company posted revenue of $178.10 million in the period, compared to analysts expectations of $182.53 million. The company’s revenue was down -1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.
Many Wall Street Analysts have commented on Quaker Chemical Corp. Quaker Chemical Corp was Downgraded by Jefferies to ” Hold” on Feb 16, 2016.
Quaker Chemical Corp opened for trading at $88.69 and hit $90.71 on the upside on Friday, eventually ending the session at $90.54, with a gain of 2.47% or 2.18 points. The heightened volatility saw the trading volume jump to 81,798 shares. Company has a market cap of $1,196 M.
In a different news, on Apr 26, 2016, Joseph F Matrange (VP – Global Coatings) sold 4,000 shares at $90.00 per share price. According to the SEC, on Mar 8, 2016, Michael F Barry (Chairman, CEO and President) sold 14,000 shares at $83.01 per share price. On Dec 2, 2015, D Jeffry Benoliel (VP – MW, Can and Mining) sold 2,000 shares at $85.53 per share price, according to the Form-4 filing with the securities and exchange commission.
Quaker Chemical Corporation is engaged in providing process fluids and chemical specialties to a range of industries including steel aluminum automotive mining aerospace tube and pipe cans and others. The Company develops produces and markets a range of formulated chemical specialty products. It offers chemical management services (CMS) for various heavy industrial and manufacturing applications. The Company operates through four segments: North America the Europe Middle East and Africa (EMEA) Asia/Pacific and South America. The Companys principal products and services include rolling lubricants corrosion preventives metal finishing compounds machining and grinding compounds forming compounds bio-lubricants hydraulic fluids chemical milling maskants construction products specialty greases die casting lubricants and programs to provide chemical management services.