FY2018 EPS Estimates for Akzo Nobel Decreased by Jefferies Financial Group (AKZOY)

Akzo Nobel (OTCMKTS:AKZOY) – Equities research analysts at Jefferies Financial Group dropped their FY2018 earnings per share (EPS) estimates for shares of Akzo Nobel in a research note issued on Tuesday, October 9th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post earnings of $0.84 per share for the year, down from their prior estimate of $0.98. Jefferies Financial Group also issued estimates for Akzo Nobel’s FY2019 earnings at $1.43 EPS and FY2020 earnings at $1.66 EPS.

A number of other equities research analysts also recently weighed in on AKZOY. Zacks Investment Research upgraded Akzo Nobel from a “sell” rating to a “hold” rating in a report on Monday, June 25th. Sanford C. Bernstein started coverage on Akzo Nobel in a report on Monday, September 24th. They issued an “outperform” rating for the company. Finally, ValuEngine upgraded Akzo Nobel from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $34.00.

Shares of AKZOY opened at $28.49 on Thursday. Akzo Nobel has a 1 year low of $28.13 and a 1 year high of $33.39. The company has a quick ratio of 1.23, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $23.94 billion, a PE ratio of 17.27, a P/E/G ratio of 2.88 and a beta of 1.01.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, July 18th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.14). Akzo Nobel had a return on equity of 11.13% and a net margin of 7.79%. The company had revenue of $2.92 billion for the quarter.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Earnings History and Estimates for Akzo Nobel (OTCMKTS:AKZOY)

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