Norsk Hydro ASA (NHYDY) Expected to Announce Quarterly Earnings on Tuesday

Norsk Hydro ASA (OTCMKTS:NHYDY) will likely be releasing its earnings data on Tuesday, July 22nd. Analysts expect Norsk Hydro ASA to post earnings of $0.07 per share and revenue of $51.63 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). Norsk Hydro ASA had a net margin of 4.44% and a return on equity of 10.01%. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $57.46 billion. On average, analysts expect Norsk Hydro ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Norsk Hydro ASA Price Performance

NHYDY opened at $6.07 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.65 and a debt-to-equity ratio of 0.22. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $6.62. The company has a fifty day simple moving average of $5.62 and a 200 day simple moving average of $5.69. The stock has a market cap of $12.19 billion, a P/E ratio of 13.49, a P/E/G ratio of 0.38 and a beta of 1.47.

Norsk Hydro ASA Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.1442 per share. This represents a yield of 2.68%. The ex-dividend date was Tuesday, May 13th. Norsk Hydro ASA’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

NHYDY has been the subject of a number of research reports. Royal Bank Of Canada upgraded Norsk Hydro ASA from a “hold” rating to a “moderate buy” rating in a report on Thursday, April 17th. The Goldman Sachs Group downgraded shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 10th.

About Norsk Hydro ASA

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