Akzo Nobel (OTCMKTS:AKZOY) Issues Earnings Results

Akzo Nobel (OTCMKTS:AKZOY) issued its earnings results on Wednesday. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04), Zacks reports. Akzo Nobel had a net margin of 6.71% and a return on equity of 12.20%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.96 billion.

Akzo Nobel Trading Down 1.3%

OTCMKTS:AKZOY opened at $22.54 on Friday. The company has a market capitalization of $11.58 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.87 and a beta of 1.16. The stock’s 50 day moving average price is $22.45 and its 200 day moving average price is $21.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.88. Akzo Nobel has a 52 week low of $18.04 and a 52 week high of $25.99.

Wall Street Analyst Weigh In

AKZOY has been the topic of a number of research reports. Oddo Bhf raised shares of Akzo Nobel from a “neutral” rating to an “outperform” rating in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Akzo Nobel has a consensus rating of “Hold”.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.