Brenntag (OTCMKTS:BNTGY – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.28), Zacks reports. Brenntag had a net margin of 2.66% and a return on equity of 9.14%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.22 billion.
Brenntag Trading Up 0.1%
Shares of BNTGY stock traded up $0.01 during trading hours on Friday, reaching $11.18. 2,311 shares of the stock were exchanged, compared to its average volume of 44,753. The company’s 50-day moving average price is $12.10 and its 200-day moving average price is $11.77. Brenntag has a 12-month low of $10.19 and a 12-month high of $14.50. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 17.47 and a beta of 0.75.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Morgan Stanley downgraded Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Citigroup reissued a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. Finally, Barclays upgraded Brenntag to a “hold” rating in a research report on Thursday, January 15th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.80.
About Brenntag
Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.
Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.
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