$984.35 Million in Sales Expected for Platform Specialty Products Co. (PAH) This Quarter
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Platform Specialty Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platform Specialty Products and related companies with MarketBeat.com's FREE daily email newsletter.