Akzo Nobel (OTCMKTS:AKZOY) Releases Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• Beat on earnings: Akzo Nobel reported Q results of $0.35 EPS versus a $0.30 consensus and revenue of $2.80B versus $2.79B, with a net margin of 6.49% and ROE of 13.73%.
• Stock and valuation snapshot: Shares rose about 3% (opened $20.79) after the print; market cap is ~$10.68B, P/E 14.74 and a 52-week range of $18.04–$24.52.
• Analyst outlook is cautious: Multiple recent downgrades have left the consensus rating at "Hold" (one Strong Buy, six Hold).

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05, Zacks reports. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.

Akzo Nobel Stock Up 3.0%

Akzo Nobel stock opened at $20.79 on Thursday. 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 fifty-two week low of $18.04 and a fifty-two week high of $24.52. The firm has a fifty day moving average price of $20.73 and a two-hundred day moving average price of $21.96. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.05 and a beta of 1.12.

Wall Street Analysts Forecast Growth

AKZOY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a "buy" rating to a "hold" rating in a research report on Tuesday, March 24th. UBS Group raised shares of Akzo Nobel to a "hold" rating in a research report on Monday, January 12th. Wall Street Zen cut shares of Akzo Nobel from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Barclays downgraded shares of Akzo Nobel from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 19th. Finally, Zacks Research raised Akzo Nobel from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.