Norsk Hydro ASA (OTCMKTS:NHYDY) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Norsk Hydro ASA (OTCMKTS:NHYDYGet Rating) issued its quarterly earnings data on Monday. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07, MarketWatch Earnings reports. Norsk Hydro ASA had a return on equity of 17.61% and a net margin of 8.06%.

Shares of OTCMKTS NHYDY opened at $8.25 on Thursday. The stock has a fifty day simple moving average of $9.63 and a two-hundred day simple moving average of $8.40. Norsk Hydro ASA has a 1-year low of $5.74 and a 1-year high of $10.72. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 0.64 and a beta of 1.42. The company has a current ratio of 1.91, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25.

Several brokerages have recently commented on NHYDY. Barclays increased their price objective on Norsk Hydro ASA from 93.00 to 120.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 30th. JPMorgan Chase & Co. increased their price target on Norsk Hydro ASA from 68.00 to 69.00 and gave the company a “neutral” rating in a research report on Wednesday, February 23rd. Zacks Investment Research raised Norsk Hydro ASA from a “sell” rating to a “buy” rating and set a $9.75 price target for the company in a research report on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft increased their price target on Norsk Hydro ASA from 93.00 to 100.00 and gave the company a “buy” rating in a research report on Tuesday, April 5th. Finally, Pareto Securities downgraded Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $75.75.

Norsk Hydro ASA Company Profile (Get Rating)

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Bauxite & Alumina, Aluminium Metal, Metal Markets, Extrusions, and Energy segments. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.

Further Reading

Earnings History for Norsk Hydro ASA (OTCMKTS:NHYDY)

Receive News & Ratings for Norsk Hydro ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norsk Hydro ASA and related companies with MarketBeat.com's FREE daily email newsletter.