FY2022 EPS Estimates for Arkema S.A. Raised by Analyst (OTCMKTS:ARKAY)

Arkema S.A. (OTCMKTS:ARKAYGet Rating) – Research analysts at Jefferies Financial Group raised their FY2022 earnings per share estimates for Arkema in a research report issued to clients and investors on Wednesday, April 13th. Jefferies Financial Group analyst C. Counihan now expects that the basic materials company will earn $10.48 per share for the year, up from their prior forecast of $10.02. Jefferies Financial Group also issued estimates for Arkema’s FY2024 earnings at $12.15 EPS and FY2025 earnings at $12.58 EPS.

Arkema (OTCMKTS:ARKAYGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The basic materials company reported $3.26 earnings per share for the quarter. The business had revenue of $2.86 billion during the quarter. Arkema had a net margin of 13.90% and a return on equity of 14.98%.

ARKAY has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of Arkema from €136.00 ($147.83) to €142.00 ($154.35) in a research note on Friday, February 25th. Zacks Investment Research upgraded shares of Arkema from a “sell” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group boosted their price objective on shares of Arkema from €101.00 ($109.78) to €103.00 ($111.96) in a report on Friday, April 8th. Barclays boosted their price objective on shares of Arkema from €124.00 ($134.78) to €129.00 ($140.22) in a report on Friday, February 4th. Finally, Kepler Capital Markets cut shares of Arkema from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Arkema currently has an average rating of “Hold” and a consensus price target of $133.33.

ARKAY opened at $116.78 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.70 and a quick ratio of 2.06. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41. The firm has a 50 day simple moving average of $127.88 and a 200 day simple moving average of $134.85. Arkema has a fifty-two week low of $100.21 and a fifty-two week high of $152.18.

Arkema Company Profile (Get Rating)

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates through Adhesive Solutions, Advanced Materials, Coating Solutions, and Intermediates segments. It provides adhesive solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.

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Earnings History and Estimates for Arkema (OTCMKTS:ARKAY)

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