Basf (BASFY) to Post Quarterly Earnings on Wednesday

Key Points

• BASF is set to report quarterly earnings on Wednesday, July 29, with analysts expecting $0.27 per share on $18.85 billion in revenue.
• The company’s last quarter topped expectations, posting $0.39 EPS versus the $0.31 estimate and revenue of $18.74 billion, while also showing a 3.84% return on equity.
• Wall Street sentiment is generally positive, with BASFY holding a Moderate Buy rating overall after recent upgrades and reaffirmed buy/overweight calls from several major firms.

Basf (OTCMKTS:BASFY - Get Free Report) is projected to announce its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $18.8481 billion for the quarter.

Basf (OTCMKTS:BASFY - Get Free Report) last issued its earnings results on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.31 by $0.08. The business had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.44 billion. Basf had a return on equity of 3.84% and a net margin of 2.91%. On average, analysts expect Basf to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Basf Stock Up 0.6%

Basf stock opened at $13.74 on Wednesday. The firm has a market cap of $49.05 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.05 and a beta of 0.74. The stock has a fifty day simple moving average of $14.23 and a two-hundred day simple moving average of $14.34. Basf has a 12 month low of $11.93 and a 12 month high of $16.25. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.56.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BASFY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Basf in a research report on Tuesday, May 12th. Kepler Capital Markets raised Basf from a "hold" rating to a "buy" rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Basf in a research note on Tuesday, May 5th. Finally, Citigroup reaffirmed a "buy" rating on shares of Basf in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Basf has an average rating of "Moderate Buy".

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world's largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF's activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.

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