Akzo Nobel (OTCMKTS:AKZOY) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Akzo Nobel (OTCMKTS:AKZOY) announced its earnings results on Wednesday. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05, Zacks reports. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.96%.

Akzo Nobel Price Performance

Shares of AKZOY opened at $20.42 on Friday. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $24.52. The stock has a market cap of $10.49 billion, a PE ratio of 14.59, a P/E/G ratio of 2.11 and a beta of 1.12. The firm has a 50-day simple moving average of $20.66 and a two-hundred day simple moving average of $21.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08.

Analysts Set New Price Targets

Several research firms have recently weighed in on AKZOY. Wall Street Zen downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, UBS Group raised shares of Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock 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.