Brenntag (OTCMKTS:BNTGY – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.28), Zacks reports. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.22 billion. Brenntag had a return on equity of 9.14% and a net margin of 2.66%.
Brenntag Trading Up 0.1%
Brenntag stock traded up $0.01 during mid-day trading on Friday, reaching $11.18. The company’s stock had a trading volume of 2,142 shares, compared to its average volume of 44,753. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.50. The business has a 50 day moving average price of $12.10 and a 200-day moving average price of $11.77. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 17.47 and a beta of 0.75.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Citigroup reiterated a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 6th. Finally, Barclays upgraded shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $12.80.
About Brenntag
Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.
Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.
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