Akzo Nobel (AKZOY) Projected to Release Earnings on Wednesday

Akzo Nobel (OTCMKTS:AKZOY) is expected to issue its resultson Wednesday, July 22nd. Analysts expect the company to announce earnings of $0.45 per share and revenue of $2.9624 billion for the quarter.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Akzo Nobel had a return on equity of 13.42% and a net margin of 6.44%. On average, analysts expect Akzo Nobel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Akzo Nobel Price Performance

Shares of Akzo Nobel stock opened at $21.91 on Monday. The firm has a market capitalization of $11.25 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.18 and a beta of 1.18. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 0.94. Akzo Nobel has a 12 month low of $18.04 and a 12 month high of $25.99. The business’s 50-day moving average price is $21.94 and its 200-day moving average price is $21.65.

Analyst Upgrades and Downgrades

AKZOY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Citigroup started coverage on Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Akzo Nobel

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.