Akzo Nobel (AKZOY) Projected to Post Quarterly Earnings on Wednesday

Akzo Nobel (OTCMKTS:AKZOY) is expected to issue its resultson Wednesday, April 22nd. Analysts expect the company to announce earnings of $0.3502 per share and revenue of $2.7940 billion for the quarter.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a net margin of 6.49% and a return on equity of 13.73%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.51 billion. On average, analysts expect Akzo Nobel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Akzo Nobel Price Performance

OTCMKTS:AKZOY opened at $20.84 on Tuesday. Akzo Nobel has a one year low of $18.04 and a one year high of $24.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. The stock has a market cap of $10.70 billion, a PE ratio of 14.78, a P/E/G ratio of 2.15 and a beta of 1.12. The stock has a 50 day moving average price of $20.86 and a 200 day moving average price of $21.99.

Analysts Set New Price Targets

AKZOY has been the subject of several recent research reports. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. Barclays downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Akzo Nobel Company Profile

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.