Akzo Nobel (OTCMKTS:AKZOY) Posts Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Akzo Nobel reported earnings of $0.39 EPS for the quarter, missing analysts' expectations of $0.40 EPS by $0.01.
• The company's revenue was $2.96 billion, surpassing the consensus estimate of $2.57 billion.
• Akzo Nobel's stock traded down to $23.18, with a market cap of $11.91 billion and a price-to-earnings ratio of 26.05.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) released its earnings results on Wednesday. The basic materials company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01), reports. Akzo Nobel had a return on equity of 13.63% and a net margin of 4.08%.The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.57 billion.

Akzo Nobel Price Performance

Shares of OTCMKTS AKZOY traded down $0.30 during midday trading on Thursday, reaching $23.18. The company's stock had a trading volume of 23,337 shares, compared to its average volume of 94,730. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $23.48 and a 200 day moving average price of $22.46. Akzo Nobel has a one year low of $18.07 and a one year high of $24.52. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.

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