Basf (OTCMKTS:BASFY) Issues Earnings Results, Misses Estimates By $0.42 EPS

Basf (OTCMKTS:BASFY) announced its earnings results on Friday. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.42), Zacks reports. Basf had a net margin of 0.43% and a return on equity of 6.86%. The company had revenue of $16.56 billion for the quarter, compared to analysts’ expectations of $14.32 billion.

Basf Stock Down 2.0%

OTCMKTS BASFY traded down $0.30 during trading on Friday, hitting $14.41. The stock had a trading volume of 106,068 shares, compared to its average volume of 200,360. Basf has a one year low of $10.75 and a one year high of $15.60. The stock has a 50 day simple moving average of $13.73 and a 200 day simple moving average of $13.12. The company has a quick ratio of 1.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.56.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BASFY. Deutsche Bank Aktiengesellschaft downgraded shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. DZ Bank downgraded shares of Basf from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Zacks Research lowered Basf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Citigroup reiterated a “buy” rating on shares of Basf in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Basf presently has an average rating of “Reduce”.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.