Basf (BASFY) Expected to Announce Earnings on Friday

Basf (OTCMKTS:BASFY) is projected to post its results before the market opens on Friday, February 27th. Analysts expect Basf to post earnings of $0.30 per share and revenue of $14.3181 billion for the quarter.

Basf Price Performance

Basf stock opened at $14.33 on Friday. Basf has a 1 year low of $10.75 and a 1 year high of $15.60. The firm’s 50-day moving average is $13.55 and its 200-day moving average is $13.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays lowered Basf to an “underweight” rating in a report on Wednesday. DZ Bank lowered Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Santander downgraded shares of Basf to a “neutral” rating in a report on Wednesday. Berenberg Bank upgraded shares of Basf from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Research downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Basf currently has a consensus rating of “Reduce”.

About Basf

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.