Arkema (OTCMKTS:ARKAY) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Arkema (OTCMKTS:ARKAY) released its quarterly earnings data on Thursday. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.12, Zacks reports. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Arkema had a net margin of 0.67% and a return on equity of 4.27%.

Arkema Price Performance

Shares of OTCMKTS:ARKAY traded down $2.64 during midday trading on Friday, hitting $67.90. 717 shares of the stock were exchanged, compared to its average volume of 1,502. Arkema has a twelve month low of $56.28 and a twelve month high of $79.36. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $65.87 and a 200-day moving average price of $67.16. The stock has a market cap of $5.16 billion, a P/E ratio of 234.14 and a beta of 0.86.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ARKAY shares. Berenberg Bank lowered shares of Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a report on Tuesday, June 23rd. Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group cut Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Arkema Company Profile

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.