Jefferies Financial Group Research Analysts Reduce Earnings Estimates for Akzo Nobel (AKZOY)

Akzo Nobel (OTCMKTS:AKZOY) – Investment analysts at Jefferies Financial Group reduced their FY2018 EPS estimates for Akzo Nobel in a research report issued to clients and investors on Wednesday, October 17th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will post earnings per share of $0.77 for the year, down from their prior forecast of $0.84. Jefferies Financial Group also issued estimates for Akzo Nobel’s Q4 2018 earnings at $0.20 EPS and FY2020 earnings at $1.68 EPS.

Several other equities research analysts also recently weighed in on AKZOY. Zacks Investment Research downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine upgraded Akzo Nobel from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Finally, Sanford C. Bernstein started coverage on Akzo Nobel in a report on Monday, September 24th. They set an “outperform” rating on the stock. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Akzo Nobel has a consensus rating of “Buy” and a consensus price target of $32.00.

AKZOY stock opened at $28.52 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $22.37 billion, a P/E ratio of 17.28, a PEG ratio of 3.14 and a beta of 1.01. Akzo Nobel has a 12-month low of $28.13 and a 12-month high of $33.39.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, July 18th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.14). The firm had revenue of $2.92 billion during the quarter. Akzo Nobel had a net margin of 9.76% and a return on equity of 9.48%.

Akzo Nobel Company Profile

Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.

Featured Article: How accurate is the Rule of 72?

Earnings History and Estimates for Akzo Nobel (OTCMKTS:AKZOY)

Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply