Basf (BASFY) Projected to Release Quarterly Earnings on Wednesday

Basf (OTCMKTS:BASFY) is projected to announce its results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $18.03 billion for the quarter.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. Basf had a return on equity of 5.66% and a net margin of 9.40%. The company had revenue of $19.99 billion during the quarter, compared to analyst estimates of $18.85 billion. On average, analysts expect Basf to post $0.82 EPS for the current fiscal year and $0.71 EPS for the next fiscal year.

Basf Price Performance

Basf stock opened at $14.62 on Tuesday. The stock has a market cap of $52.18 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 1.20 and a beta of 0.76. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $14.50. Basf has a 52 week low of $11.93 and a 52 week high of $16.25.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut Basf from a “buy” rating to a “hold” rating in a report on Monday. Citigroup reissued a “buy” rating on shares of Basf in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

About Basf

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen, Germany. Founded in 1865, the company develops, manufactures and markets a broad range of chemicals, materials and solutions for industrial, agricultural and consumer applications. Its products are used in areas including transportation, construction, electronics, packaging, food and personal care.

BASF’s business includes chemicals and intermediates, performance materials, coatings, catalysts, battery materials, agricultural products, nutrition and care ingredients, and industrial solutions.