Brenntag (OTCMKTS:BNTGY) Posts Earnings Results, Beats Estimates By $0.04 EPS

Brenntag (OTCMKTS:BNTGY) announced its quarterly earnings results on Wednesday. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04, Zacks reports. The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.61 billion. Brenntag had a return on equity of 5.28% and a net margin of 1.55%.

Brenntag Price Performance

BNTGY stock traded down $0.57 on Thursday, reaching $13.89. 255 shares of the company traded hands, compared to its average volume of 44,089. The firm has a fifty day simple moving average of $13.19 and a 200-day simple moving average of $13.05. The company has a market cap of $10.03 billion, a P/E ratio of 37.54 and a beta of 0.63. Brenntag has a one year low of $10.19 and a one year high of $14.97.

Analyst Ratings Changes

Several brokerages have commented on BNTGY. Jefferies Financial Group upgraded shares of Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. UBS Group raised shares of Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.80.

Brenntag Company Profile

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.