Basf (BASFY) Expected to Announce Earnings on Thursday

Basf (OTCMKTS:BASFY) is anticipated to release its resultson Thursday, April 30th. Analysts expect Basf to post earnings of $0.3085 per share and revenue of $18.1925 billion for the quarter.

Basf (OTCMKTS:BASFY) last announced its earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.42). Basf had a net margin of 2.59% and a return on equity of 4.37%. The firm had revenue of $16.56 billion during the quarter, compared to analyst estimates of $14.32 billion. On average, analysts expect Basf to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Basf Trading Up 0.1%

Shares of BASFY stock opened at $15.91 on Tuesday. The firm has a 50-day moving average price of $14.63 and a 200 day moving average price of $13.59. Basf has a twelve month low of $11.66 and a twelve month high of $16.13. The company has a market capitalization of $56.80 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 1.57 and a beta of 0.76. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Basf from a “hold” rating to a “buy” rating in a research note on Tuesday, March 24th. Citigroup reaffirmed a “buy” rating on shares of Basf in a research note on Friday. Barclays downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Santander downgraded shares of Basf to a “neutral” rating in a research note on Wednesday, February 18th. Finally, DZ Bank raised shares of Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.