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

Key Points

• Norsk Hydro is expected to report quarterly earnings before Friday’s market open, with analysts forecasting $0.2389 in earnings per share and $5.72 billion in revenue.
• The company previously beat expectations, reporting $0.23 EPS versus a $0.22 consensus and $5.88 billion in revenue. Analysts project full-year EPS of $0.87 and next-year EPS of $0.91.
• Shares opened at $7.97 and remain rated “Hold” on average, with seven analysts at Hold, three at Buy or Strong Buy, and one at Sell.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) will likely be posting its results before the market opens on Friday, October 23rd. Analysts expect Norsk Hydro ASA to announce earnings of $0.2389 per share and revenue of $5.72 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. On average, analysts expect Norsk Hydro ASA to post $0.87 EPS for the current fiscal year and $0.91 EPS for the next fiscal year.

Norsk Hydro ASA Trading Down 0.1%

Shares of Norsk Hydro ASA stock opened at $7.97 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a 12-month low of $6.49 and a 12-month high of $13.02. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.49 and a beta of 1.10. The firm's 50 day simple moving average is $9.26 and its two-hundred day simple moving average is $10.12.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Norsk Hydro ASA from a "strong sell" rating to a "hold" rating in a report on Friday, September 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Finally, Danske upgraded Norsk Hydro ASA from a "sell" rating to a "hold" rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold".

About Norsk Hydro ASA

Norsk Hydro ASA is a Norway-based industrial company focused primarily on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro operates across the aluminum value chain, from bauxite mining and alumina refining to primary aluminum production, recycling, and the manufacture of finished and semi-finished aluminum products.

The company's businesses include bauxite and alumina operations, primary metal production, aluminum recycling, metal sales, and extrusion. Through its extrusion activities, Hydro supplies aluminum profiles and components used in industries such as construction, transportation, automotive, and consumer products.

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