Arkema (OTCMKTS:ARKAY) Releases Quarterly Earnings Results

Arkema (OTCMKTS:ARKAY) announced its quarterly earnings results on Wednesday. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.10, Zacks reports. Arkema had a net margin of 0.46% and a return on equity of 4.06%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion.

Arkema Trading Down 4.1%

Shares of ARKAY traded down $3.10 on Thursday, hitting $72.45. 2,368 shares of the stock traded hands, compared to its average volume of 1,372. The company has a quick ratio of 1.63, a current ratio of 2.13 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $5.51 billion, a P/E ratio of 289.80 and a beta of 0.84. The stock’s 50 day moving average is $67.95 and its two-hundred day moving average is $64.26. Arkema has a 1 year low of $56.28 and a 1 year high of $79.36.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ARKAY shares. The Goldman Sachs Group raised shares of Arkema from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Zacks Research raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday. Kepler Capital Markets downgraded shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Berenberg Bank downgraded shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Sanford C. Bernstein raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.