Akzo Nobel (OTCMKTS:AKZOY) Posts Earnings Results

Akzo Nobel (OTCMKTS:AKZOY) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, reports. The company had revenue of $2.88 billion during the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%.

Akzo Nobel Price Performance

Shares of OTCMKTS:AKZOY traded down $0.31 during midday trading on Thursday, reaching $22.09. 757,928 shares of the company’s stock traded hands, compared to its average volume of 340,491. The company has a fifty day simple moving average of $24.12 and a two-hundred day simple moving average of $24.72. Akzo Nobel has a 1 year low of $21.47 and a 1 year high of $29.03. The company has a market cap of $11.32 billion, a P/E ratio of 20.18, a PEG ratio of 0.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06.

Akzo Nobel Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a $0.4498 dividend. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Akzo Nobel’s previous dividend of $0.11. Akzo Nobel’s payout ratio is 24.47%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Akzo Nobel from a “sell” rating to a “neutral” rating in a research report on Thursday.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.