Arkema (ARKAY) Set to Post Earnings on Friday

Key Points

• Arkema is expected to report quarterly results before Friday’s market open, with analysts forecasting earnings of $1.49 per share and revenue of $2.62 billion.
• In the previous quarter, Arkema reported EPS of $1.98, beating estimates of $1.86, while revenue of $2.79 billion fell short of the $2.86 billion consensus.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and one rates it Sell, producing a consensus rating of “Reduce.” Shares recently traded at $62.20, below their 50-day and 200-day moving averages.

Arkema (OTCMKTS:ARKAY - Get Free Report) is anticipated to post its results before the market opens on Friday, November 6th. Analysts expect the company to announce earnings of $1.49 per share and revenue of $2.62 billion for the quarter.

Arkema (OTCMKTS:ARKAY - Get Free Report) last posted its earnings results on Thursday, July 30th. The basic materials company reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.12. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.86 billion. Arkema had a net margin of 0.67% and a return on equity of 4.30%. On average, analysts expect Arkema to post $3.73 EPS for the current fiscal year and $3.89 EPS for the next fiscal year.

Arkema Trading Up 0.8%

Arkema stock opened at $62.20 on Friday. The business has a 50-day simple moving average of $64.79 and a two-hundred day simple moving average of $66.84. The company has a market cap of $4.73 billion, a P/E ratio of 13.18 and a beta of 0.88. Arkema has a 52-week low of $56.28 and a 52-week high of $79.36. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.42.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Arkema from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 12th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce".

Arkema Company Profile

Arkema is a France-based global specialty materials company that develops and manufactures products used in a wide range of industrial and consumer applications. Its portfolio includes specialty adhesives, high-performance polymers, acrylic materials, coating resins, additives and other chemical solutions designed to improve durability, performance and sustainability.

The company operates through businesses focused on Adhesive Solutions, Advanced Materials and Coating Solutions. Its products serve markets such as construction, automotive, electronics, packaging, renewable energy, consumer goods and industrial manufacturing.

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