Wacker Chemie (WKCMF) Expected to Release Earnings on Thursday

Wacker Chemie (OTCMKTS:WKCMF) is projected to release its resultson Thursday, July 30th. Analysts expect Wacker Chemie to announce earnings of $0.2360 per share and revenue of $1.7024 billion for the quarter.

Wacker Chemie Stock Performance

Shares of OTCMKTS:WKCMF opened at $106.52 on Thursday. The firm’s 50 day moving average is $110.68 and its two-hundred day moving average is $100.16. Wacker Chemie has a 52 week low of $72.60 and a 52 week high of $122.41.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WKCMF shares. UBS Group cut shares of Wacker Chemie from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 26th. Citigroup cut shares of Wacker Chemie from a “hold” rating to a “sell” rating in a research note on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wacker Chemie in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Wacker Chemie currently has an average rating of “Reduce”.

Wacker Chemie Company Profile

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.