Arkema (ARKAY) Expected to Post Earnings on Thursday

Arkema (OTCMKTS:ARKAY) is anticipated to release its resultson Thursday, July 30th. Analysts expect Arkema to announce earnings of $1.86 per share and revenue of $2.86 billion for the quarter.

Arkema (OTCMKTS:ARKAY) last released its earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.10. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. Arkema had a return on equity of 4.06% and a net margin of 0.46%. On average, analysts expect Arkema to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Arkema Stock Performance

Shares of ARKAY opened at $63.21 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 252.84 and a beta of 0.86. The stock has a 50 day moving average of $66.04 and a 200 day moving average of $67.04. Arkema has a 12 month low of $56.28 and a 12 month high of $79.36.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARKAY. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. The Goldman Sachs Group cut Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Berenberg Bank downgraded shares of Arkema from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

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.