FY2018 EPS Estimates for Akzo Nobel Lifted by Jefferies Group (AKZOY)

Akzo Nobel (OTCMKTS:AKZOY) – Equities researchers at Jefferies Group upped their FY2018 earnings per share estimates for Akzo Nobel in a report released on Tuesday. Jefferies Group analyst L. Alexander now forecasts that the basic materials company will post earnings of $1.09 per share for the year, up from their previous estimate of $1.04.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). Akzo Nobel had a net margin of 6.13% and a return on equity of 14.88%. The firm had revenue of $4.26 billion for the quarter.

Several other equities research analysts have also recently weighed in on AKZOY. Societe Generale cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Zacks Investment Research cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Akzo Nobel has a consensus rating of “Hold” and a consensus price target of $33.00.

Akzo Nobel (AKZOY) traded up $0.51 during mid-day trading on Thursday, reaching $30.15. 242,802 shares of the company’s stock were exchanged, compared to its average volume of 52,466. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.40 and a quick ratio of 1.01. Akzo Nobel has a one year low of $20.61 and a one year high of $31.64. The company has a market capitalization of $22,262.24, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3127326/fy2018-eps-estimates-for-akzo-nobel-lifted-by-jefferies-group-akzoy.html.

About Akzo Nobel

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.