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

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) is anticipated to issue its quarterly earnings data on Tuesday, July 22nd. Analysts expect the company to announce earnings of $0.07 per share and revenue of $51.63 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.05). Norsk Hydro ASA had a return on equity of 10.01% and a net margin of 4.44%. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $57.46 billion. 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 Stock Performance

NHYDY stock traded up $0.07 on Friday, reaching $5.99. The company's stock had a trading volume of 31,287 shares, compared to its average volume of 189,089. Norsk Hydro ASA has a 52 week low of $4.50 and a 52 week high of $6.62. The company has a market capitalization of $12.03 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.37 and a beta of 1.47. The firm has a fifty day moving average of $5.67 and a two-hundred day moving average of $5.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 1.10.

Norsk Hydro ASA Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $0.1442 dividend. This represents a yield of 2.68%. The ex-dividend date was Tuesday, May 13th. Norsk Hydro ASA's dividend payout ratio (DPR) is 33.33%.

Analysts Set New Price Targets

NHYDY has been the subject of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Norsk Hydro ASA in a report on Monday. The Goldman Sachs Group lowered Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 10th. Finally, Royal Bank Of Canada raised Norsk Hydro ASA from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Norsk Hydro ASA currently has a consensus rating of "Buy".

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.