Platform Specialty Products Corporation (NYSE:PAH) posted its earnings results on Wednesday. The specialty chemicals company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02, Bloomberg Earnings reports. Platform Specialty Products Corporation had a net margin of 1.18% and a return on equity of 6.77%. The company had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Platform Specialty Products Corporation’s revenue for the quarter was up 2.1% compared to the same quarter last year.

Shares of Platform Specialty Products Corporation (PAH) traded down 5.68% during mid-day trading on Wednesday, hitting $12.96. 7,953,663 shares of the stock traded hands. The stock has a 50 day moving average price of $13.07 and a 200-day moving average price of $12.94. Platform Specialty Products Corporation has a one year low of $6.85 and a one year high of $14.82. The company’s market cap is $3.71 billion.

A number of research firms have commented on PAH. Instinet upped their target price on shares of Platform Specialty Products Corporation from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Nomura reaffirmed a “buy” rating and issued a $16.00 target price on shares of Platform Specialty Products Corporation in a research report on Tuesday, May 9th. Zacks Investment Research raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, May 10th. Finally, ValuEngine raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Platform Specialty Products Corporation currently has an average rating of “Buy” and a consensus target price of $12.50.

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Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Platform Specialty Products Corporation by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 215,200 shares of the specialty chemicals company’s stock worth $2,111,000 after buying an additional 28,100 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Platform Specialty Products Corporation by 23.3% in the fourth quarter. Teachers Advisors LLC now owns 220,494 shares of the specialty chemicals company’s stock worth $2,163,000 after buying an additional 41,652 shares during the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Platform Specialty Products Corporation during the first quarter worth about $292,000. Bank of Montreal Can boosted its stake in shares of Platform Specialty Products Corporation by 4.4% in the first quarter. Bank of Montreal Can now owns 930,060 shares of the specialty chemicals company’s stock worth $12,109,000 after buying an additional 39,496 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Platform Specialty Products Corporation during the first quarter worth about $357,000. Institutional investors and hedge funds own 94.98% of the company’s stock.

Earnings History for Platform Specialty Products Corporation (NYSE:PAH)

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