Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) posted its earnings results on Tuesday. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07), reports. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a net margin of 0.53% and a return on equity of 13.69%.
Akzo Nobel Stock Performance
OTCMKTS:AKZOY opened at $21.72 on Tuesday. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 217.20, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.88. Akzo Nobel has a 52 week low of $18.07 and a 52 week high of $24.52. The company has a fifty day simple moving average of $22.56 and a two-hundred day simple moving average of $22.73.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Berenberg Bank upgraded Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. Sanford C. Bernstein lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, UBS Group raised Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Akzo Nobel Company Profile
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.
Recommended Stories
- Five stocks we like better than Akzo Nobel
- The day the gold market broke
- Forget AI, This Will Be the Next Big Tech Breakthrough
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- ALERT: Drop these 5 stocks before the market opens tomorrow!
- End of America Update
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.
