COVESTRO AG/S to Post FY2019 Earnings of $5.75 Per Share, Jefferies Financial Group Forecasts (COVTY)
COVESTRO AG/S (OTCMKTS:COVTY) – Equities research analysts at Jefferies Financial Group decreased their FY2019 earnings per share (EPS) estimates for shares of COVESTRO AG/S in a note issued to investors on Thursday, October 25th. Jefferies Financial Group analyst L. Alexander now expects that the company will earn $5.75 per share for the year, down from their previous forecast of $6.61. Jefferies Financial Group also issued estimates for COVESTRO AG/S’s FY2020 earnings at $7.36 EPS.
Separately, Zacks Investment Research downgraded shares of COVESTRO AG/S from a “hold” rating to a “sell” rating in a research note on Friday.
About COVESTRO AG/S
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.
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