Novozymes A/S – (NASDAQ:NVZMY) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Novozymes A/S – (NASDAQ:NVZMY) issued its quarterly earnings data on Friday. The biotechnology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.03, Morningstar.com reports. The firm had revenue of $522.72 million for the quarter.
Shares of Novozymes A/S – (NVZMY) traded up 1.68% during trading on Friday, hitting $45.50. 11,411 shares of the stock were exchanged. Novozymes A/S – has a 12-month low of $31.57 and a 12-month high of $46.93. The firm has a 50 day moving average of $44.86 and a 200-day moving average of $42.18. The company has a market cap of $13.51 billion and a price-to-earnings ratio of 28.07.
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Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Novozymes A/S – from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and set a $47.50 price objective on shares of Novozymes A/S – in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Novozymes A/S – presently has a consensus rating of “Hold” and an average target price of $49.75.
About Novozymes A/S –
Novozymes A/S is a Denmark-based biotechnology company engaged in the production and sale of industrial enzymes, microorganisms and biopharmaceutical ingredients. The Company operates in four geographical regions: Europe, Middle East & Africa (including Denmark), North America, Asia Pacific and Latin America.
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