Brenntag (BNTGY) Expected to Release Quarterly Earnings on Wednesday

Key Points

• Brenntag is expected to report quarterly results after market close on Wednesday, November 11; analysts forecast $0.27 EPS and $4.66 billion in revenue.
• In its prior quarter, the company earned $0.29 per share, beating the $0.25 consensus, and posted $4.96 billion in revenue versus the $4.66 billion estimate.
• Analyst sentiment is cautious: six analysts rate the stock Hold and one rates it Sell, giving Brenntag a consensus rating of “Reduce.”

Brenntag (OTCMKTS:BNTGY - Get Free Report) is projected to announce its results after the market closes on Wednesday, November 11th. Analysts expect Brenntag to announce earnings of $0.27 per share and revenue of $4.66 billion for the quarter.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.66 billion. Brenntag had a net margin of 2.41% and a return on equity of 8.30%. On average, analysts expect Brenntag to post $0.85 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.

Brenntag Stock Down 1.3%

Shares of BNTGY stock opened at $13.94 on Wednesday. Brenntag has a 12-month low of $10.19 and a 12-month high of $14.97. The company has a market capitalization of $10.06 billion, a PE ratio of 23.63 and a beta of 0.61. The firm has a 50 day moving average price of $13.91 and a two-hundred day moving average price of $13.28.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BNTGY. Morgan Stanley reissued an "underweight" rating on shares of Brenntag in a report on Friday, August 14th. DZ Bank raised Brenntag from a "strong sell" rating to a "hold" rating in a report on Monday, July 27th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce".

Brenntag Company Profile

Brenntag SE is a Germany-based global distributor of chemicals and related ingredients. The company supplies a broad portfolio of industrial and specialty chemicals to customers in industries such as water treatment, agriculture, food and nutrition, pharmaceuticals, personal care, coatings, and energy.

In addition to sourcing and distributing chemical products, Brenntag provides services that support customers and suppliers throughout the supply chain. These services include storage, transportation, blending and mixing, formulation, packaging, technical support, regulatory assistance, and other customized supply-chain solutions.

Founded in Berlin in 1874, Brenntag has developed into an international chemical distribution business serving customers across Europe, North and Latin America, Asia-Pacific, and other global markets.

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