Basf (OTCMKTS:BASFY) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Basf (OTCMKTS:BASFY) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12, Zacks reports. The firm had revenue of $19.99 billion for the quarter, compared to analysts’ expectations of $18.84 billion. Basf had a return on equity of 3.84% and a net margin of 2.91%.

Basf Price Performance

Shares of BASFY stock traded up $0.23 during trading hours on Thursday, hitting $14.80. The stock had a trading volume of 143,797 shares, compared to its average volume of 184,090. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.91 and a quick ratio of 1.26. The stock has a market capitalization of $52.84 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.07 and a beta of 0.74. Basf has a one year low of $11.93 and a one year high of $16.25. The stock’s 50-day moving average price is $14.06 and its two-hundred day moving average price is $14.38.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Basf in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a report on Tuesday, May 5th. Kepler Capital Markets upgraded Basf from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th. Finally, Morgan Stanley restated an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.