Akzo Nobel (AKZOY) Projected to Post Quarterly Earnings on Wednesday

Akzo Nobel (OTCMKTS:AKZOY) is projected to announce its resultson Wednesday, April 22nd. Analysts expect the company to announce earnings of $0.3502 per share and revenue of $2.7940 billion for the quarter.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. On average, analysts expect Akzo Nobel to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Akzo Nobel Stock Up 1.1%

Shares of AKZOY opened at $20.15 on Wednesday. The company has a market capitalization of $10.35 billion, a P/E ratio of 14.29, a PEG ratio of 2.03 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08. Akzo Nobel has a one year low of $18.04 and a one year high of $24.52. The business’s 50 day simple moving average is $21.08 and its 200-day simple moving average is $22.08.

Analyst Upgrades and Downgrades

AKZOY has been the topic of several research reports. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group raised Akzo Nobel to a “hold” rating in a report on Monday, January 12th. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.