Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05, Zacks reports. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.79 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.
Akzo Nobel Trading Up 3.0%
Shares of AKZOY stock opened at $20.79 on Thursday. The business has a 50-day moving average price of $20.73 and a two-hundred day moving average price of $21.96. Akzo Nobel has a 12-month low of $18.04 and a 12-month high of $24.52. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The firm has a market cap of $10.68 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on AKZOY shares. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Finally, Wall Street Zen cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
About Akzo Nobel
Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.
The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.
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