Brenntag (OTCMKTS:BNTGY) Releases Quarterly Earnings Results

Key Points

• Brenntag (OTCMKTS:BNTGY) reported $0.07 earnings per share for the quarter, missing analysts' expectations by $0.18 EPS.
• The company announced a dividend increase to $0.2696 per share, resulting in a yield of 200.0% and a payout ratio of 34.18%.
• Analysts have downgraded Brenntag's stock, with ratings reflecting an average of "Hold", indicating a generally cautious outlook.

Brenntag (OTCMKTS:BNTGY - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.15), Zacks reports. Brenntag had a net margin of 2.62% and a return on equity of 9.10%. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.14 billion.

Brenntag Price Performance

Shares of Brenntag stock traded down $0.21 during trading on Monday, hitting $12.53. 5,974 shares of the company's stock traded hands, compared to its average volume of 53,227. The firm's fifty day moving average price is $13.12 and its 200 day moving average price is $13.19. Brenntag has a twelve month low of $11.09 and a twelve month high of $15.07. The company has a market cap of $9.05 billion, a PE ratio of 19.58 and a beta of 0.83.

Brenntag Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were issued a $0.2696 dividend. This is a boost from Brenntag's previous dividend of $0.05. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 200.0%. Brenntag's payout ratio is presently 43.75%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. DZ Bank lowered Brenntag from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 15th. Berenberg Bank downgraded shares of Brenntag from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

Brenntag Company Profile

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.