Basf (OTCMKTS:BASFY) Announces Earnings Results

Basf (OTCMKTS:BASFY) issued its earnings results on Thursday. The basic materials company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08, Zacks reports. Basf had a return on equity of 4.37% and a net margin of 2.59%.

Basf Stock Performance

Shares of OTCMKTS BASFY traded up $0.37 during midday trading on Thursday, hitting $16.08. 97,258 shares of the company’s stock were exchanged, compared to its average volume of 166,497. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.93 and a quick ratio of 1.19. The stock’s 50 day moving average price is $14.66 and its 200-day moving average price is $13.63. The firm has a market cap of $57.39 billion, a P/E ratio of 31.52, a PEG ratio of 1.58 and a beta of 0.76. Basf has a twelve month low of $11.66 and a twelve month high of $16.13.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BASFY. Santander downgraded Basf to a “neutral” rating in a research report on Wednesday, February 18th. Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Kepler Capital Markets reiterated a “hold” rating on shares of Basf in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft upgraded Basf from a “hold” rating to a “buy” rating in a research report on Tuesday, March 24th. Finally, DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.