Norsk Hydro ASA (NHYDY) Projected to Release Quarterly Earnings on Wednesday

Norsk Hydro ASA (OTCMKTS:NHYDY) is anticipated to post its resultson Wednesday, July 22nd. Analysts expect the company to post earnings of $0.22 per share and revenue of $5.7360 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.42 billion. Norsk Hydro ASA had a net margin of 3.11% and a return on equity of 10.52%. 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 Stock Performance

OTCMKTS NHYDY opened at $8.96 on Monday. The firm’s fifty day moving average price is $10.65 and its 200 day moving average price is $9.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.14. Norsk Hydro ASA has a 12 month low of $5.92 and a 12 month high of $13.02. The company has a market capitalization of $17.73 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02.

Wall Street Analysts Forecast Growth

NHYDY has been the subject of a number of recent research reports. Zacks Research cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. The Goldman Sachs Group raised shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a research note on Tuesday, May 26th. Finally, UBS Group lowered Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.