Brenntag (OTCMKTS:BNTGY) Announces Earnings Results, Misses Expectations By $0.07 EPS

Brenntag (OTCMKTS:BNTGY) released its quarterly earnings data on Wednesday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07), Zacks reports. Brenntag had a net margin of 2.41% and a return on equity of 8.30%.

Brenntag Stock Performance

BNTGY traded down $0.63 on Wednesday, reaching $13.10. 47,704 shares of the company’s stock were exchanged, compared to its average volume of 35,966. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 22.20 and a beta of 0.61. The company’s 50 day moving average is $13.89 and its 200-day moving average is $13.33.

Analysts Set New Price Targets

Several analysts recently commented on the company. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Brenntag Company Profile

Brenntag is a global distributor of chemicals and ingredients, connecting chemical manufacturers with customers across a broad range of industries. The company supplies both industrial and specialty products and provides services such as blending, mixing, packaging, and product formulation. Its offerings support applications in sectors including manufacturing, food and nutrition, pharmaceuticals, personal care, and water treatment. Brenntag also provides logistics, supply-chain management, and technical support to help customers source and use chemical products.