Brenntag (OTCMKTS:BNTGY) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Brenntag (OTCMKTS:BNTGYGet Free Report) announced its 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. Brenntag had a net margin of 2.66% and a return on equity of 9.14%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.22 billion.

Brenntag Stock Down 0.1%

Shares of OTCMKTS:BNTGY traded down $0.01 during midday trading on Friday, reaching $11.16. The company’s stock had a trading volume of 4,055 shares, compared to its average volume of 44,774. The firm has a 50 day moving average of $12.10 and a 200-day moving average of $11.77. The firm has a market capitalization of $8.06 billion, a P/E ratio of 17.44 and a beta of 0.75. Brenntag has a 12-month low of $10.19 and a 12-month high of $14.50.

Analysts Set New Price Targets

A number of research firms recently issued reports on BNTGY. Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Finally, Barclays upgraded Brenntag to a “hold” rating in a report on Thursday, January 15th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Brenntag has a consensus rating of “Reduce” and an average price target of $12.80.

Read Our Latest Stock Analysis on BNTGY

About Brenntag

(Get Free Report)

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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Earnings History for Brenntag (OTCMKTS:BNTGY)

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