Basf (BASFY) Expected to Post Earnings on Wednesday

Basf (OTCMKTS:BASFY) is expected to issue its resultson Wednesday, July 29th. Analysts expect Basf to post earnings of $0.2354 per share and revenue of $18.8481 billion for the quarter.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Basf had a net margin of 2.91% and a return on equity of 3.84%. The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.44 billion. On average, analysts expect Basf to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Basf Stock Performance

OTCMKTS BASFY opened at $13.79 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.56. Basf has a 52-week low of $11.93 and a 52-week high of $16.25. The business’s 50-day moving average price is $14.13 and its 200 day moving average price is $14.36. The firm has a market cap of $49.23 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.06 and a beta of 0.74.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BASFY shares. Citigroup reaffirmed a “buy” rating on shares of Basf in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a research note on Tuesday, May 5th. Morgan Stanley restated an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. Finally, Kepler Capital Markets raised shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.