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

Akzo Nobel (OTCMKTS:AKZOY) is anticipated to post its results before the market opens on Wednesday, October 21st. Analysts expect the company to post earnings of $0.42 per share and revenue of $2.96 billion for the quarter.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.96 billion. On average, analysts expect Akzo Nobel to post $1.45 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.

Akzo Nobel Stock Performance

Shares of AKZOY stock opened at $22.03 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.88. Akzo Nobel has a one year low of $18.04 and a one year high of $25.99. The company’s 50-day simple moving average is $22.59 and its 200-day simple moving average is $21.88. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.80 and a beta of 1.16.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Oddo Bhf upgraded Akzo Nobel from a “neutral” rating to an “outperform” rating in a research report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company serving customers in the construction, automotive, aerospace, marine, consumer goods, and industrial markets. Its products are used to protect, decorate, and improve the performance of buildings, vehicles, equipment, and manufactured products.

The company offers decorative paints, protective coatings, powder coatings, wood finishes, and specialty coatings. Its portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon, Sadolin, and Hammerite.