Akzo Nobel (OTCMKTS:AKZOY) Issues Earnings Results, Misses Expectations By $0.04 EPS

Akzo Nobel (OTCMKTS:AKZOY) released its quarterly earnings results on Wednesday. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04), Zacks reports. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%.

Akzo Nobel Trading Down 0.1%

AKZOY opened at $21.75 on Wednesday. The company has a market cap of $11.17 billion, a P/E ratio of 15.54, a PEG ratio of 2.16 and a beta of 1.18. Akzo Nobel has a one year low of $18.04 and a one year high of $25.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.35 and a current ratio of 1.72. The business’s 50-day simple moving average is $22.03 and its 200-day simple moving average is $21.63.

Analysts Set New Price Targets

AKZOY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. The Goldman Sachs Group lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Finally, Citigroup initiated coverage on shares of Akzo Nobel in a report on Friday, June 5th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Akzo Nobel currently has an average rating of “Hold”.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.