Norsk Hydro ASA (OTCMKTS:NHYDY) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Norsk Hydro ASA (OTCMKTS:NHYDY) released its quarterly earnings results on Wednesday. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01, Zacks reports. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.

Norsk Hydro ASA Stock Up 2.3%

OTCMKTS:NHYDY opened at $8.81 on Wednesday. Norsk Hydro ASA has a twelve month low of $5.92 and a twelve month high of $13.02. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.62 and a beta of 1.02. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $10.54 and its two-hundred day moving average price is $10.00.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NHYDY shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of Norsk Hydro ASA in a research report on Thursday, April 16th. The Goldman Sachs Group upgraded Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Finally, Danske cut shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Norsk Hydro ASA currently has a consensus rating of “Hold”.

About Norsk Hydro ASA

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.