Brenntag (BNTGY) Projected to Post Quarterly Earnings on Wednesday

Brenntag (OTCMKTS:BNTGY) is expected to be announcing its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of $0.1782 per share and revenue of $4.3202 billion for the quarter.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.28). The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Brenntag had a return on equity of 5.89% and a net margin of 1.71%. On average, analysts expect Brenntag to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Brenntag Trading Up 0.3%

Shares of BNTGY opened at $14.65 on Wednesday. The firm has a market cap of $10.58 billion, a PE ratio of 35.73 and a beta of 0.67. The company’s 50 day simple moving average is $12.67 and its 200-day simple moving average is $12.06. Brenntag has a 12-month low of $10.19 and a 12-month high of $14.97.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BNTGY shares. UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley lowered shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 6th. Finally, Barclays upgraded shares of Brenntag to a “hold” rating in a research report on Thursday, January 15th. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Brenntag presently has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Company Profile

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.