Brokerages predict that Platform Specialty Products Co. (NYSE:PAH) will post sales of $984.35 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Platform Specialty Products’ earnings, with the highest sales estimate coming in at $985.00 million and the lowest estimate coming in at $983.70 million. Platform Specialty Products reported sales of $941.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The company is expected to issue its next earnings results on Wednesday, August 8th.

On average, analysts expect that Platform Specialty Products will report full-year sales of $3.99 billion for the current year, with estimates ranging from $3.96 billion to $4.01 billion. For the next financial year, analysts anticipate that the business will report sales of $4.14 billion per share, with estimates ranging from $4.09 billion to $4.16 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Platform Specialty Products.

Platform Specialty Products (NYSE:PAH) last posted its quarterly earnings data on Thursday, May 3rd. The specialty chemicals company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Platform Specialty Products had a negative net margin of 6.05% and a positive return on equity of 8.25%. The company had revenue of $964.10 million during the quarter, compared to the consensus estimate of $906.10 million. During the same period in the previous year, the firm posted $0.05 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Platform Specialty Products from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, March 7th. ValuEngine downgraded shares of Platform Specialty Products from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.83.

Platform Specialty Products opened at $11.25 on Friday, according to MarketBeat. Platform Specialty Products has a 52-week low of $11.05 and a 52-week high of $11.18. The company has a quick ratio of 1.57, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The firm has a market cap of $3.18 billion, a PE ratio of 14.80, a P/E/G ratio of 0.80 and a beta of 3.14.

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC bought a new stake in Platform Specialty Products in the first quarter worth $108,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Platform Specialty Products by 69.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,365 shares of the specialty chemicals company’s stock worth $113,000 after purchasing an additional 4,662 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Platform Specialty Products in the first quarter worth $113,000. Kazazian Asset Management LLC bought a new position in shares of Platform Specialty Products during the fourth quarter valued at about $130,000. Finally, Granite Springs Asset Management LLC bought a new position in shares of Platform Specialty Products during the first quarter valued at about $133,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Platform Specialty Products Company Profile

Platform Specialty Products Corporation produces and sells specialty chemical products worldwide. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers a range of specialty chemicals, such as surface and coating materials, functional conversion coatings, electronic assembly materials, water-based hydraulic control fluids, and photopolymers.

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Earnings History and Estimates for Platform Specialty Products (NYSE:PAH)

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