Basf (OTCMKTS:BASFY – Get Free Report) released its quarterly earnings data on Wednesday. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09, Zacks reports. The firm had revenue of $18.20 billion during the quarter, compared to analyst estimates of $18.03 billion. Basf had a return on equity of 6.92% and a net margin of 9.11%.
Basf Stock Up 0.7%
BASFY opened at $14.87 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $14.85 and its 200 day simple moving average is $14.54. Basf has a 1-year low of $11.93 and a 1-year high of $16.25. The stock has a market cap of $53.09 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76.
Wall Street Analyst Weigh In
Several research firms recently weighed in on BASFY. Citigroup restated a “buy” rating on shares of Basf in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft lowered Basf from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Basf currently has a consensus rating of “Hold”.
View Our Latest Analysis on BASFY
Basf Company Profile
BASF SE is a Germany-based chemical company headquartered in Ludwigshafen, Germany. Founded in 1865, the company develops, manufactures and markets a broad range of chemicals, materials and solutions for industrial, agricultural and consumer applications. Its products are used in areas including transportation, construction, electronics, packaging, food and personal care.
BASF’s business includes chemicals and intermediates, performance materials, coatings, catalysts, battery materials, agricultural products, nutrition and care ingredients, and industrial solutions.
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