Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04), Zacks reports. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%.
Akzo Nobel Trading Down 0.1%
AKZOY opened at $21.75 on Wednesday. The stock has a market capitalization of $11.17 billion, a PE ratio of 15.54, a P/E/G ratio of 2.16 and a beta of 1.18. Akzo Nobel has a one year low of $18.04 and a one year high of $25.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.35 and a current ratio of 1.72. The business’s 50 day moving average price is $22.03 and its 200 day moving average price is $21.63.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. The Goldman Sachs Group cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Citigroup began coverage on shares of Akzo Nobel in a report on Friday, June 5th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Akzo Nobel currently has an average rating of “Hold”.
Akzo Nobel Company Profile
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.
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