Arkema (ARKAY) to Release Quarterly Earnings on Thursday

Arkema (OTCMKTS:ARKAY) is anticipated to post its resultson Thursday, July 30th. Analysts expect Arkema to post earnings of $1.86 per share and revenue of $2.86 billion for the quarter.

Arkema (OTCMKTS:ARKAY) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.10. Arkema had a net margin of 0.46% and a return on equity of 4.06%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. On average, analysts expect Arkema to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Arkema Trading Up 0.9%

OTCMKTS ARKAY opened at $62.86 on Thursday. The company has a market cap of $4.78 billion, a P/E ratio of 251.44 and a beta of 0.86. The company has a 50-day moving average of $66.62 and a 200-day moving average of $67.01. Arkema has a 12 month low of $56.28 and a 12 month high of $79.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.64.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Kepler Capital Markets lowered Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. The Goldman Sachs Group downgraded shares of Arkema from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About Arkema

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.