Clariant (CLZNY) to Announce Quarterly Earnings on Friday

Clariant (OTCMKTS:CLZNY) is expected to be issuing its resultson Friday, July 31st. Analysts expect the company to post earnings of $0.3465 per share and revenue of $2.2823 billion for the quarter.

Clariant Price Performance

Clariant stock opened at $9.70 on Wednesday. The company has a fifty day simple moving average of $9.70 and a 200-day simple moving average of $9.95. Clariant has a 52-week low of $8.45 and a 52-week high of $12.16.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CLZNY shares. The Goldman Sachs Group upgraded shares of Clariant from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Zacks Research upgraded shares of Clariant from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley lowered shares of Clariant from an “overweight” rating to an “underweight” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Clariant has an average rating of “Reduce”.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.