Clariant (CLZNY) Projected to Release Earnings on Friday

Clariant (OTCMKTS:CLZNY) is expected to post its resultson Friday, July 31st. Analysts expect the company to announce earnings of $0.3465 per share and revenue of $2.2823 billion for the quarter.

Clariant Stock Performance

CLZNY opened at $9.70 on Thursday. Clariant has a 1-year low of $8.45 and a 1-year high of $12.16. The firm has a 50-day moving average price of $9.70 and a two-hundred day moving average price of $9.95.

Analyst Ratings Changes

Several analysts have recently commented on CLZNY shares. Zacks Research raised shares of Clariant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Morgan Stanley cut shares of Clariant from an “overweight” rating to an “underweight” rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group raised Clariant from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.