Brenntag (OTCMKTS:BNTGY) Posts Earnings Results, Beats Expectations By $0.04 EPS

Brenntag (OTCMKTS:BNTGY) issued its quarterly earnings results on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04, Zacks reports. Brenntag had a return on equity of 5.28% and a net margin of 1.55%.

Brenntag Trading Down 2.5%

Brenntag stock traded down $0.36 during midday trading on Wednesday, reaching $14.10. The company’s stock had a trading volume of 2,990 shares, compared to its average volume of 44,056. Brenntag has a 52 week low of $10.19 and a 52 week high of $14.97. The business has a 50-day moving average price of $13.17 and a 200-day moving average price of $13.04. The stock has a market cap of $10.18 billion, a PE ratio of 38.11 and a beta of 0.63.

Analysts Set New Price Targets

BNTGY has been the topic of a number of recent analyst reports. DZ Bank upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Jefferies Financial Group raised shares of Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Company Profile

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.