FY2019 Earnings Estimate for Akzo Nobel Issued By Jefferies Group (AKZOY)
Akzo Nobel (OTCMKTS:AKZOY) – Investment analysts at Jefferies Group raised their FY2019 earnings per share estimates for shares of Akzo Nobel in a research report issued to clients and investors on Tuesday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings per share of $1.23 for the year, up from their previous forecast of $1.16. Jefferies Group also issued estimates for Akzo Nobel’s FY2020 earnings at $1.35 EPS.
Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). The company had revenue of $4.26 billion during the quarter. Akzo Nobel had a net margin of 6.13% and a return on equity of 14.88%.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Akzo Nobel from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday. ValuEngine raised shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Societe Generale cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Akzo Nobel currently has an average rating of “Hold” and an average price target of $33.00.
Shares of Akzo Nobel (OTCMKTS:AKZOY) traded up $0.53 on Wednesday, reaching $30.17. 348,232 shares of the company’s stock were exchanged, compared to its average volume of 58,942. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $22,770.00, a PE ratio of 21.25, a P/E/G ratio of 1.81 and a beta of 1.20. Akzo Nobel has a twelve month low of $20.66 and a twelve month high of $31.64.
About Akzo Nobel
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.
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