Akzo Nobel (OTCMKTS:AKZOY) Posts Earnings Results, Misses Expectations By $0.01 EPS

Akzo Nobel (OTCMKTS:AKZOY) posted its earnings results on Wednesday, April 24th. The basic materials company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01), Morningstar.com reports. The firm had revenue of $2.48 billion during the quarter. Akzo Nobel had a net margin of 9.76% and a return on equity of 9.43%.

Shares of OTCMKTS AKZOY opened at $28.44 on Friday. Akzo Nobel has a 12-month low of $25.61 and a 12-month high of $33.00. The firm has a market capitalization of $19.55 billion, a P/E ratio of 26.71, a P/E/G ratio of 7.76 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.46 and a quick ratio of 1.28.

AKZOY has been the topic of a number of recent analyst reports. Goldman Sachs Group reissued a “buy” rating on shares of Akzo Nobel in a research note on Monday, March 25th. ABN Amro downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, Zacks Investment Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $32.00.

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Akzo Nobel Company Profile

Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.

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Earnings History for Akzo Nobel (OTCMKTS:AKZOY)

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