Akzo Nobel (AKZOY) Announces Earnings Results

Akzo Nobel (OTCMKTS:AKZOY) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14), Morningstar.com reports. The company had revenue of $2.92 billion during the quarter. Akzo Nobel had a return on equity of 11.30% and a net margin of 7.79%.

Shares of OTCMKTS AKZOY traded up $0.51 during mid-day trading on Friday, reaching $30.48. The company’s stock had a trading volume of 18,453 shares, compared to its average volume of 106,212. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05. The company has a quick ratio of 1.26, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. Akzo Nobel has a 52 week low of $28.13 and a 52 week high of $33.39.

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AKZOY has been the subject of a number of analyst reports. Goldman Sachs Group initiated coverage on Akzo Nobel in a research report on Monday, June 4th. They issued a “conviction-buy” rating for the company. Deutsche Bank restated a “buy” rating on shares of Akzo Nobel in a research report on Thursday, March 29th. Zacks Investment Research cut Akzo Nobel from a “hold” rating to a “sell” rating in a research report on Thursday, April 26th. Finally, ValuEngine cut Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.00.

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.

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