Akzo Nobel (OTCMKTS:AKZOY) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Akzo Nobel (OTCMKTS:AKZOY) issued its earnings results on Wednesday. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04), Zacks reports. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 13.03%.

Akzo Nobel Stock Down 3.7%

Akzo Nobel stock opened at $21.29 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The firm has a market cap of $10.94 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.20 and a beta of 1.18. The business has a fifty day moving average of $22.13 and a two-hundred day moving average of $21.61. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $25.99.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AKZOY. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. Finally, Citigroup assumed coverage on Akzo Nobel in a report on Friday, June 5th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Akzo Nobel 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.