Arkema (OTCMKTS:ARKAY) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Arkema (OTCMKTS:ARKAYGet Free Report) posted its quarterly earnings data on Wednesday. The basic materials company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10, Zacks reports. Arkema had a return on equity of 4.44% and a net margin of 0.65%.

Arkema Stock Up 3.3%

Arkema stock traded up $2.43 during trading on Wednesday, hitting $75.55. 2,096 shares of the company were exchanged, compared to its average volume of 1,347. The business’s 50 day moving average is $67.95 and its 200 day moving average is $64.18. Arkema has a 52 week low of $56.28 and a 52 week high of $79.36. The company has a market capitalization of $5.75 billion, a P/E ratio of 86.84 and a beta of 0.84. The company has a current ratio of 2.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ARKAY. The Goldman Sachs Group raised Arkema from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Berenberg Bank lowered Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Arkema in a research note on Thursday, April 9th. Finally, Kepler Capital Markets lowered Arkema from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

View Our Latest Stock Report on Arkema

Arkema Company Profile

(Get Free Report)

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.

See Also

Earnings History for Arkema (OTCMKTS:ARKAY)

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