Norsk Hydro ASA (NHYDY) to Release Earnings on Friday

Norsk Hydro ASA (OTCMKTS:NHYDY) is anticipated to announce its results before the market opens on Friday, February 13th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $4.8215 billion for the quarter.

Norsk Hydro ASA Price Performance

Shares of NHYDY opened at $9.42 on Wednesday. The firm has a 50-day simple moving average of $8.19 and a two-hundred day simple moving average of $7.25. The stock has a market cap of $18.64 billion, a PE ratio of 18.12, a P/E/G ratio of 0.28 and a beta of 1.15. Norsk Hydro ASA has a 1-year low of $4.50 and a 1-year high of $9.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 1.25.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NHYDY. Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday, December 16th. Danske raised Norsk Hydro ASA to a “hold” rating in a research note on Monday, October 27th. Wall Street Zen downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Royal Bank Of Canada restated an “outperform” rating on shares of Norsk Hydro ASA in a report on Friday, November 21st. Finally, Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.