Basf (BASFY) Expected to Announce Quarterly Earnings on Friday

Basf (OTCMKTS:BASFY - Get Free Report) is expected to be issuing its quarterly earnings data on Friday, July 25th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.

Basf (OTCMKTS:BASFY - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The business had revenue of $18.31 billion during the quarter, compared to analyst estimates of $17.34 billion. Basf had a net margin of 1.13% and a return on equity of 8.20%. 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 opened at $12.33 on Friday. The company has a fifty day simple moving average of $12.21 and a 200 day simple moving average of $12.31. The firm has a market cap of $44.02 billion, a price-to-earnings ratio of 53.61, a PEG ratio of 10.40 and a beta of 1.06. Basf has a twelve month low of $10.57 and a twelve month high of $14.76. 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 company also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 7th were issued a dividend of $0.4322 per share. This represents a yield of 3.38%. The ex-dividend date was Tuesday, May 6th. Basf's payout ratio is 191.30%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered shares of Basf from a "neutral" rating to an "underweight" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.

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