Arkema (OTCMKTS:ARKAY) Issues Earnings Results, Beats Estimates By $0.12 EPS

Arkema (OTCMKTS:ARKAY) posted its quarterly earnings results on Thursday. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.12, Zacks reports. Arkema had a net margin of 0.46% and a return on equity of 4.06%.

Arkema Stock Performance

Shares of OTCMKTS ARKAY traded up $4.07 during trading hours on Thursday, reaching $70.17. 863 shares of the stock were exchanged, compared to its average volume of 3,356. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 280.68 and a beta of 0.86. The stock’s fifty day simple moving average is $65.83 and its 200 day simple moving average is $67.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.64 and a current ratio of 2.25. Arkema has a 52 week low of $56.28 and a 52 week high of $79.36.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein raised shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Berenberg Bank lowered Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. The Goldman Sachs Group downgraded Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Kepler Capital Markets cut Arkema from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

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.