Brenntag (OTCMKTS:BNTGY) Shares Gap Down Following Weak Earnings

Brenntag AG (OTCMKTS:BNTGY)’s share price gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $13.7275, but opened at $13.18. Brenntag shares last traded at $13.18, with a volume of 992 shares trading hands.

The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Brenntag had a return on equity of 8.30% and a net margin of 2.41%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BNTGY shares. DZ Bank upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Brenntag Trading Down 4.0%

The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 22.34 and a beta of 0.61. The firm’s 50-day moving average is $13.89 and its 200-day moving average is $13.33.

Brenntag Company Profile

Brenntag is a global distributor of chemicals and ingredients, connecting chemical manufacturers with customers across a broad range of industries. The company supplies both industrial and specialty products and provides services such as blending, mixing, packaging, and product formulation. Its offerings support applications in sectors including manufacturing, food and nutrition, pharmaceuticals, personal care, and water treatment. Brenntag also provides logistics, supply-chain management, and technical support to help customers source and use chemical products.