Arkema (ARKAY) Projected to Release Quarterly Earnings on Thursday

Arkema (OTCMKTS:ARKAY) is projected to post its resultson Thursday, July 30th. Analysts expect the company to post earnings of $1.86 per share and revenue of $2.86 billion for the quarter.

Arkema (OTCMKTS:ARKAY) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10. Arkema had a return on equity of 4.06% and a net margin of 0.46%.The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. On average, analysts expect Arkema to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Arkema Stock Up 2.7%

Shares of OTCMKTS ARKAY opened at $64.93 on Wednesday. The stock has a market capitalization of $4.94 billion, a P/E ratio of 259.72 and a beta of 0.86. Arkema has a one year low of $56.28 and a one year high of $79.36. The firm’s 50 day simple moving average is $65.93 and its two-hundred day simple moving average is $67.06. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.64.

Analyst Upgrades and Downgrades

ARKAY has been the subject of a number of research reports. Berenberg Bank cut shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a research report on Tuesday, June 23rd. Zacks Research raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Kepler Capital Markets lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group cut Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Arkema has an average rating of “Reduce”.

Arkema Company Profile

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.