Basf (BASFY) Expected to Announce Quarterly Earnings on Wednesday

Basf (OTCMKTS:BASFY) will likely be issuing its results before the market opens on Wednesday, October 29th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $15.1851 billion for the quarter.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $18.10 billion during the quarter, compared to the consensus estimate of $15.62 billion. Basf had a return on equity of 7.25% and a net margin of 0.59%. On average, analysts expect Basf to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Basf Stock Down 0.6%

Shares of OTCMKTS:BASFY opened at $12.57 on Tuesday. The business’s 50 day simple moving average is $12.85 and its two-hundred day simple moving average is $12.54. The firm has a market cap of $44.88 billion, a P/E ratio of 96.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.75. Basf has a 52-week low of $10.57 and a 52-week high of $14.76.

Analysts Set New Price Targets

Several analysts have recently commented on BASFY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a research note on Wednesday, September 24th. Citigroup started coverage on Basf in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Morgan Stanley raised Basf from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 24th. Zacks Research raised Basf from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Berenberg Bank downgraded Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.