Brenntag (BNTGY) Projected to Post Quarterly Earnings on Wednesday

Brenntag (OTCMKTS:BNTGY) will likely be announcing its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of $0.1782 per share and revenue of $4.3202 billion for the quarter.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.28). Brenntag had a return on equity of 5.89% and a net margin of 1.71%.The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.22 billion. On average, analysts expect Brenntag to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Brenntag Stock Performance

BNTGY stock opened at $14.65 on Wednesday. The company’s 50 day moving average price is $12.67 and its 200 day moving average price is $12.06. Brenntag has a fifty-two week low of $10.19 and a fifty-two week high of $14.97. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 35.73 and a beta of 0.67.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays raised Brenntag to a “hold” rating in a report on Thursday, January 15th. UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Finally, Morgan Stanley downgraded Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $12.80.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.