Norsk Hydro ASA (NHYDY) Expected to Announce Quarterly Earnings on Friday

Key Points

• Norsk Hydro ASA is set to announce its quarterly earnings on Friday, October 24th, with expectations of $0.07 per share in earnings and $47.1912 billion in revenue.
• The company's previous quarter saw an EPS of $0.16, exceeding analyst estimates, along with a net margin of 4.37% and a return on equity of 11.24%.
• Recent analyst ratings have varied, with a consensus rating of "Hold" and changes in ratings from "strong-buy" to "hold" by multiple firms including Pareto Securities and Barclays.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) will likely be releasing its results before the market opens on Friday, October 24th. Analysts expect Norsk Hydro ASA to post earnings of $0.07 per share and revenue of $47.1912 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The company had revenue of $5.23 billion during the quarter, compared to analyst estimates of $51.63 billion. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.24%. On average, analysts expect Norsk Hydro ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Norsk Hydro ASA Price Performance

Norsk Hydro ASA stock opened at $6.95 on Friday. Norsk Hydro ASA has a 12-month low of $4.50 and a 12-month high of $7.08. The company has a current ratio of 1.92, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $6.67 and a 200-day moving average price of $5.97. The firm has a market capitalization of $13.75 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 0.31 and a beta of 1.44.

Analysts Set New Price Targets

A number of research analysts have recently commented on NHYDY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Norsk Hydro ASA in a research note on Wednesday, October 8th. Pareto Securities lowered Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 8th. Barclays lowered shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 9th. Kepler Capital Markets lowered shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Finally, Citigroup reaffirmed a "neutral" rating on shares of Norsk Hydro ASA in a research report on Friday, September 26th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.

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