Basf (OTCMKTS:BASFY) Posts Quarterly Earnings Results, Misses Expectations By $0.42 EPS

Basf (OTCMKTS:BASFY) released its earnings results on Friday. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.42), Zacks reports. Basf had a net margin of 0.43% and a return on equity of 6.86%. The business had revenue of $16.56 billion during the quarter, compared to the consensus estimate of $14.32 billion.

Basf Trading Down 2.0%

Shares of OTCMKTS:BASFY traded down $0.30 during midday trading on Friday, hitting $14.41. 106,068 shares of the stock traded hands, compared to its average volume of 200,360. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The business’s 50 day moving average is $13.73 and its two-hundred day moving average is $13.12. Basf has a one year low of $10.75 and a one year high of $15.60.

Wall Street Analysts Forecast Growth

BASFY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Basf in a report on Wednesday. Santander lowered Basf to a “neutral” rating in a report on Wednesday, February 18th. Zacks Research cut shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, DZ Bank lowered shares of Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Basf presently has a consensus rating of “Reduce”.

About Basf

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.