Norsk Hydro ASA (OTCMKTS:NHYDY) Announces Quarterly Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04, Zacks reports. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.40 billion. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.

Norsk Hydro ASA Price Performance

Shares of OTCMKTS:NHYDY opened at $11.32 on Friday. The company has a market cap of $22.40 billion, a P/E ratio of 36.52, a PEG ratio of 1.31 and a beta of 0.98. The company has a 50-day moving average price of $10.22 and a 200 day moving average price of $8.63. Norsk Hydro ASA has a 52 week low of $5.16 and a 52 week high of $11.71. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NHYDY shares. Zacks Research upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday. UBS Group downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Royal Bank Of Canada upgraded shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. Finally, Danske cut shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Norsk Hydro ASA presently has a consensus rating of “Hold”.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.