Akzo Nobel (AKZOY) Expected to Release Quarterly Earnings on Wednesday

Akzo Nobel (OTCMKTS:AKZOY) is expected to issue its resultson Wednesday, July 22nd. Analysts expect the company to post earnings of $0.45 per share and revenue of $2.9713 billion for the quarter.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. On average, analysts expect Akzo Nobel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Akzo Nobel Stock Performance

Shares of AKZOY opened at $21.85 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The stock has a market cap of $11.22 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.17 and a beta of 1.18. The business’s 50 day moving average price is $21.82 and its 200-day moving average price is $21.67. Akzo Nobel has a 52 week low of $18.04 and a 52 week high of $25.99.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AKZOY. Citigroup initiated coverage on Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating for the company. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Akzo Nobel presently has an average rating of “Hold”.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.