Wacker Chemie (WKCMF) Expected to Announce Quarterly Earnings on Wednesday

Wacker Chemie (OTCMKTS:WKCMF) is projected to post its resultson Wednesday, April 29th. Analysts expect Wacker Chemie to post earnings of ($0.3372) per share and revenue of $1.5202 billion for the quarter.

Wacker Chemie Trading Up 6.7%

Shares of WKCMF opened at $115.47 on Wednesday. Wacker Chemie has a 1-year low of $69.89 and a 1-year high of $115.47. The company has a 50-day moving average of $94.86 and a 200 day moving average of $85.35.

Analyst Upgrades and Downgrades

WKCMF has been the subject of several research analyst reports. BNP Paribas Exane raised shares of Wacker Chemie to a “neutral” rating in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wacker Chemie in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.

About Wacker Chemie

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.