Arkema (OTCMKTS:ARKAY) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Arkema (OTCMKTS:ARKAY) announced its earnings results on Thursday. The basic materials company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09), Zacks reports. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arkema had a net margin of 0.67% and a return on equity of 4.30%.

Arkema Stock Down 3.2%

ARKAY stock traded down $2.12 during trading on Friday, hitting $64.09. 1,000 shares of the stock traded hands, compared to its average volume of 1,858. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 103.37 and a beta of 0.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 1.08. Arkema has a 1 year low of $56.28 and a 1 year high of $79.36. The firm’s 50 day moving average is $64.21 and its two-hundred day moving average is $66.96.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Arkema

Arkema is a France-based global specialty materials company that develops and manufactures products used in a wide range of industrial and consumer applications. Its portfolio includes specialty adhesives, high-performance polymers, acrylic materials, coating resins, additives and other chemical solutions designed to improve durability, performance and sustainability.

The company operates through businesses focused on Adhesive Solutions, Advanced Materials and Coating Solutions. Its products serve markets such as construction, automotive, electronics, packaging, renewable energy, consumer goods and industrial manufacturing.