Arkema (OTCMKTS:ARKAY) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Arkema (OTCMKTS:ARKAY) posted its earnings results on Thursday. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.12, Zacks reports. Arkema had a return on equity of 4.06% and a net margin of 0.46%.

Arkema Stock Up 6.2%

Shares of OTCMKTS ARKAY traded up $4.07 during mid-day trading on Thursday, hitting $70.17. The company had a trading volume of 863 shares, compared to its average volume of 3,356. The company has a market capitalization of $5.34 billion, a PE ratio of 280.68 and a beta of 0.86. The firm has a 50-day simple moving average of $65.83 and a two-hundred day simple moving average of $67.10. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.53. Arkema has a one year low of $56.28 and a one year high of $79.36.

Analyst Ratings Changes

Several analysts have issued reports on ARKAY shares. Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. The Goldman Sachs Group cut Arkema from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Berenberg Bank lowered Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Arkema Company Profile

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.