Basf (BASFY) Expected to Announce Quarterly Earnings on Friday

Basf (OTCMKTS:BASFY - Get Free Report) is projected to release its earnings data on Friday, July 25th. Analysts expect Basf to post earnings of $0.20 per share for the quarter.

Basf (OTCMKTS:BASFY - Get Free Report) last posted its earnings results on Friday, May 2nd. The basic materials company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Basf had a net margin of 1.13% and a return on equity of 8.20%. The firm had revenue of $18.31 billion during the quarter, compared to analysts' expectations of $17.34 billion. On average, analysts expect Basf to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Basf Price Performance

BASFY stock traded up $0.35 during trading hours on Monday, hitting $12.63. 98,913 shares of the stock traded hands, compared to its average volume of 202,326. The stock has a 50-day simple moving average of $12.21 and a 200 day simple moving average of $12.34. Basf has a one year low of $10.57 and a one year high of $14.76. The company has a market cap of $45.09 billion, a P/E ratio of 54.92, a P/E/G ratio of 10.38 and a beta of 1.06. The company has a current ratio of 1.83, a quick ratio of 1.07 and a debt-to-equity ratio of 0.51.

Basf Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 7th were paid a dividend of $0.4322 per share. This represents a yield of 3.38%. The ex-dividend date of this dividend was Tuesday, May 6th. Basf's dividend payout ratio is presently 191.30%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded shares of Basf from a "neutral" rating to an "underweight" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.