Akzo Nobel NV (AKZOY) Posts Earnings Results, Misses Estimates By $0.06 EPS

Akzo Nobel NV (OTCMKTS:AKZOY) announced its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06), MarketWatch Earnings reports. The business had revenue of $4.26 billion during the quarter. Akzo Nobel NV had a net margin of 6.13% and a return on equity of 15.10%.

Akzo Nobel NV (OTCMKTS:AKZOY) opened at 30.69 on Friday. The stock has a market cap of $23.14 billion, a P/E ratio of 20.26 and a beta of 1.12. The company’s 50-day moving average price is $30.86 and its 200-day moving average price is $29.61. Akzo Nobel NV has a 12 month low of $20.21 and a 12 month high of $31.64.

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AKZOY has been the subject of several research analyst reports. Zacks Investment Research raised Akzo Nobel NV from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, July 18th. Societe Generale lowered Akzo Nobel NV from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, ValuEngine raised Akzo Nobel NV from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.00.

Akzo Nobel NV Company Profile

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

Earnings History for Akzo Nobel NV (OTCMKTS:AKZOY)

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