Brenntag (OTCMKTS:BNTGY) Posts Earnings Results, Misses Expectations By $0.07 EPS

Brenntag (OTCMKTS:BNTGY) issued its earnings results on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07), Zacks reports. Brenntag had a return on equity of 8.30% and a net margin of 2.41%.

Brenntag Stock Performance

OTCMKTS:BNTGY traded down $0.63 during midday trading on Wednesday, reaching $13.10. 47,704 shares of the stock traded hands, compared to its average volume of 35,966. Brenntag has a 12-month low of $10.19 and a 12-month high of $14.97. The business has a 50-day moving average of $13.89 and a two-hundred day moving average of $13.33. The stock has a market capitalization of $9.46 billion, a PE ratio of 22.20 and a beta of 0.61.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. DZ Bank upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Brenntag presently has a consensus rating of “Reduce”.

About Brenntag

Brenntag is a global distributor of chemicals and ingredients, connecting chemical manufacturers with customers across a broad range of industries. The company supplies both industrial and specialty products and provides services such as blending, mixing, packaging, and product formulation. Its offerings support applications in sectors including manufacturing, food and nutrition, pharmaceuticals, personal care, and water treatment. Brenntag also provides logistics, supply-chain management, and technical support to help customers source and use chemical products.