Norsk Hydro ASA (OTCMKTS:NHYDY) Issues Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) released its quarterly earnings data on Wednesday. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01, Zacks reports. The firm had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 12.01%.

Norsk Hydro ASA Price Performance

NHYDY stock opened at $9.21 on Friday. Norsk Hydro ASA has a 1 year low of $5.92 and a 1 year high of $13.02. The company has a market cap of $18.22 billion, a P/E ratio of 17.64, a PEG ratio of 1.69 and a beta of 1.02. The firm has a 50-day moving average of $10.44 and a 200 day moving average of $10.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NHYDY. Danske cut Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. The Goldman Sachs Group raised Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. UBS Group cut Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, April 9th. Finally, Zacks Research downgraded Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.