Akzo Nobel (OTCMKTS:AKZOY) Issues Earnings Results, Misses Estimates By $0.04 EPS

Akzo Nobel (OTCMKTS:AKZOY) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04), Zacks reports. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.96 billion.

Akzo Nobel Price Performance

OTCMKTS AKZOY opened at $22.83 on Thursday. The company has a 50 day simple moving average of $22.47 and a 200-day simple moving average of $21.95. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $25.99. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.88 and a quick ratio of 1.49.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AKZOY. Oddo Bhf upgraded Akzo Nobel from a “neutral” rating to an “outperform” rating in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. One research 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 presently has a consensus rating of “Hold”.

About Akzo Nobel

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.