Arkema (OTCMKTS:ARKAY) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Arkema (OTCMKTS:ARKAY) announced its quarterly earnings results on Wednesday. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10, Zacks reports. Arkema had a return on equity of 4.44% and a net margin of 0.65%.

Arkema Stock Performance

Shares of OTCMKTS ARKAY traded up $2.43 during trading on Wednesday, reaching $75.55. 2,096 shares of the stock traded hands, compared to its average volume of 1,347. The company has a 50-day moving average of $67.95 and a 200-day moving average of $64.18. The stock has a market capitalization of $5.75 billion, a P/E ratio of 86.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.13 and a quick ratio of 1.63. Arkema has a 52-week low of $56.28 and a 52-week high of $79.36.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARKAY. Berenberg Bank downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research note on Thursday, April 9th. Kepler Capital Markets downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, The Goldman Sachs Group raised shares of Arkema from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.