Brenntag (OTCMKTS:BNTGY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Brenntag (OTCMKTS:BNTGY) released its earnings results on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02), Zacks reports. Brenntag had a net margin of 1.71% and a return on equity of 5.89%.

Brenntag Price Performance

OTCMKTS BNTGY traded down $0.51 during mid-day trading on Wednesday, reaching $14.14. The stock had a trading volume of 148,049 shares, compared to its average volume of 49,517. Brenntag has a 1 year low of $10.19 and a 1 year high of $14.97. The stock has a market cap of $10.21 billion, a PE ratio of 34.49 and a beta of 0.67. The company has a fifty day moving average price of $12.88 and a 200 day moving average price of $12.17.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BNTGY. Barclays upgraded shares of Brenntag to a “hold” rating in a report on Thursday, January 15th. UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $12.80.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.