Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) released its quarterly earnings data on Monday. The industrial products company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.09, Zacks reports. Norsk Hydro ASA had a net margin of 4.37% and a return on equity of 11.37%. The business had revenue of $5.23 billion for the quarter, compared to analyst estimates of $51.63 billion.
Norsk Hydro ASA Trading Up 0.6%
Shares of NHYDY stock traded up $0.04 during trading hours on Friday, hitting $6.30. 65,472 shares of the company were exchanged, compared to its average volume of 75,008. The firm has a market cap of $12.65 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.30 and a beta of 1.47. Norsk Hydro ASA has a fifty-two week low of $4.50 and a fifty-two week high of $6.62. The company has a 50 day simple moving average of $5.74 and a two-hundred day simple moving average of $5.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 1.65.
Norsk Hydro ASA Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.1442 per share. This represents a yield of 2.68%. The ex-dividend date was Tuesday, May 13th. Norsk Hydro ASA's dividend payout ratio is presently 33.33%.
Analyst Upgrades and Downgrades
NHYDY has been the topic of a number of research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Norsk Hydro ASA in a research note on Monday, July 14th. Kepler Capital Markets cut shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Royal Bank Of Canada upgraded Norsk Hydro ASA from a "hold" rating to a "moderate buy" rating in a report on Thursday, April 17th. Finally, The Goldman Sachs Group cut Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy".
Read Our Latest Report on Norsk Hydro ASA
About Norsk Hydro ASA
(
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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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