About Platform Specialty Products Corporation (NYSE:PAH)
Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions. This segment also provides functional conversion coatings that are applied to metals to enhance corrosion resistance and paint adhesion; hard-coated films, which are used for the membrane switch in the touch screen markets; production and drilling fluids used in subsea control systems; solid sheet printing elements for use in flexographic printing and platemaking processes; liquid products to produce printing plates; and printing equipment. The Agricultural Solutions segment offers fungicides and biofungicides to prevent the spread of fungi and other diseases in crops; herbicides to control unwanted plants; insecticides, bioinsecticides, and acaricides; biostimulants and nutrition products; and seed treatment products, which are applied to seed before planting, as well as animal health products, such as honey bee protective miticides and veterinary vaccines. The company was formerly known as Platform Acquisition Holdings Limited and changed its name to Platform Specialty Products Corporation in October 2013. Platform Specialty Products Corporation was founded in 1922 and is headquartered in West Palm Beach, Florida.
Industry, Sector and Symbol:
- Market Cap: $3.12 billion
- Outstanding Shares: 286,722,000
- 50 Day Moving Avg: $11.43
- 200 Day Moving Avg: $12.58
- 52 Week Range: $7.15 - $14.82
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.21
- P/E Growth: 7.57
- Annual Revenue: $3.64 billion
- Price / Sales: 0.86
- Book Value: $9.86 per share
- Price / Book: 1.10
- EBITDA: $732.3 million
- Net Margins: -0.26%
- Return on Equity: 7.15%
- Return on Assets: 2.05%
- Debt-to-Equity Ratio: 1.79%
- Current Ratio: 1.94%
- Quick Ratio: 1.50%
- Average Volume: 3.01 million shs.
- Beta: 3.31
- Short Ratio: 11.03
Frequently Asked Questions for Platform Specialty Products Corporation (NYSE:PAH)
What is Platform Specialty Products Corporation's stock symbol?
Platform Specialty Products Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAH."
How were Platform Specialty Products Corporation's earnings last quarter?
Platform Specialty Products Corporation (NYSE:PAH) posted its quarterly earnings results on Wednesday, August, 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. The company earned $941.10 million during the quarter, compared to analyst estimates of $933.32 million. Platform Specialty Products Corporation had a negative net margin of 0.26% and a positive return on equity of 7.15%. Platform Specialty Products Corporation's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. View Platform Specialty Products Corporation's Earnings History.
When will Platform Specialty Products Corporation make its next earnings announcement?
Where is Platform Specialty Products Corporation's stock going? Where will Platform Specialty Products Corporation's stock price be in 2017?
9 analysts have issued 12-month price objectives for Platform Specialty Products Corporation's shares. Their forecasts range from $5.00 to $16.00. On average, they anticipate Platform Specialty Products Corporation's stock price to reach $13.11 in the next year. View Analyst Ratings for Platform Specialty Products Corporation.
What are analysts saying about Platform Specialty Products Corporation stock?
Here are some recent quotes from research analysts about Platform Specialty Products Corporation stock:
- 1. According to Zacks Investment Research, "Platform Specialty Products Corporation is a producer of high technology specialty chemical products as well as technical services. The company serves electronics, metal and plastic plating, graphic arts, and offshore oil production and drilling industries. Platform Specialty Products Corporation is headquartered in Miami, United States. " (10/11/2017)
- 2. Instinet analysts commented, "Our STOP estimates values PAH shares at $16 in case only the AG business is divested and $17-20 in case both the ag and Performance segments are sold to third parties. We believe a simple separation into two public companies is unlikely to be an immediate upside catalyst, if the financial leverage is unchanged' We raise our target to $15 on improved fundamental, potential for delivering through asset sales." (2/21/2017)
Are investors shorting Platform Specialty Products Corporation?
Platform Specialty Products Corporation saw a decline in short interest during the month of September. As of September 29th, there was short interest totalling 16,054,188 shares, a decline of 27.2% from the September 15th total of 22,057,669 shares. Based on an average daily trading volume, of 2,554,901 shares, the days-to-cover ratio is presently 6.3 days. Currently, 6.1% of the shares of the company are short sold.
Who are some of Platform Specialty Products Corporation's key competitors?
Some companies that are related to Platform Specialty Products Corporation include Cytec Industries (CYT), Croda International Plc (CRDA), Valvoline (VVV), W.R. Grace & Co. (GRA), Versum Materials (VSM), Cabot Corporation (CBT), Sensient Technologies Corporation (SXT), Trinseo S.A. (TSE), Kronos Worldwide (KRO), Minerals Technologies (MTX), Victrex plc (VCT), Ferro Corporation (FOE), Stepan Company (SCL), Synthomer PLC (SYNT), Innospec (IOSP), Orion Engineered Carbons S.A (OEC), AdvanSix (ASIX) and Kraton Corporation (KRA).
Who owns Platform Specialty Products Corporation stock?
Platform Specialty Products Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fox Run Management L.L.C. (0.02%). Company insiders that own Platform Specialty Products Corporation stock include Benjamin Gliklich, David A Jacoboski, Diego Lopez Casanello, Ian G H Ashken, John David Tolbert, John Edward Capps, Martin E Franklin, Rakesh Sachdev and Sanjiv Khattri. View Institutional Ownership Trends for Platform Specialty Products Corporation.
Who bought Platform Specialty Products Corporation stock? Who is buying Platform Specialty Products Corporation stock?
Platform Specialty Products Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C.. Company insiders that have bought Platform Specialty Products Corporation stock in the last two years include Benjamin Gliklich, David A Jacoboski, Diego Lopez Casanello, Ian G H Ashken, John David Tolbert, John Edward Capps, Martin E Franklin, Rakesh Sachdev and Sanjiv Khattri. View Insider Buying and Selling for Platform Specialty Products Corporation.
How do I buy Platform Specialty Products Corporation stock?
Shares of Platform Specialty Products Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Platform Specialty Products Corporation's stock price today?
MarketBeat Community Rating for Platform Specialty Products Corporation (NYSE PAH)MarketBeat's community ratings are surveys of what our community members think about Platform Specialty Products Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Platform Specialty Products Corporation stock can currently be purchased for approximately $10.87.
Consensus Ratings for Platform Specialty Products Corporation (NYSE:PAH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$13.11 (20.62% upside)|Consensus Price Target History for Platform Specialty Products Corporation (NYSE:PAH)
Analysts' Ratings History for Platform Specialty Products Corporation (NYSE:PAH)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/11/2017||Barclays PLC||Lower Price Target||Equal Weight||$15.00 -> $14.00||N/A|
|9/18/2017||SunTrust Banks, Inc.||Upgrade||Hold -> Buy||$13.00 -> $15.00||High|
|6/13/2017||Instinet||Lower Price Target||Buy||$14.00||Low|
|3/3/2017||Credit Suisse Group||Boost Price Target||Neutral||$10.00 -> $12.00||N/A|
|2/28/2017||Roth Capital||Set Price Target||Buy||$15.00||N/A|
|2/6/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Buy -> Buy||$15.00||N/A|
|1/29/2017||Morgan Stanley||Initiated Coverage||Equal -> Equal Weight||$12.00||N/A|
|1/21/2017||HC Wainwright||Initiated Coverage||Buy||$5.00||N/A|
|7/28/2016||Citigroup Inc.||Initiated Coverage||Buy||$11.00||N/A|
|3/9/2016||Bank of America Corporation||Initiated Coverage||Buy||N/A|
|3/1/2016||Monness Crespi & Hardt||Downgrade||Buy -> Neutral||N/A|
Earnings History for Platform Specialty Products Corporation (NYSE:PAH)Earnings History by Quarter for Platform Specialty Products Corporation (NYSE PAH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/9/2017||Q2 2017||$0.18||$0.20||$933.32 million||$941.10 million||View||Listen|
|5/8/2017||Q1 2017||$0.12||$0.16||$835.22 million||$861.80 million||View||Listen|
|2/28/2017||Q4 2016||$0.17||$0.20||$931.10 million||$950.00 million||View||Listen|
|11/4/2016||Q316||$0.11||$0.14||$850.16 million||$891.00 million||View||Listen|
|8/8/2016||Q216||$0.20||$0.16||$887.71 million||$922.00 million||View||Listen|
|5/9/2016||Q1||$0.10||$0.11||$799.69 million||$824.00 million||View||N/A|
|11/10/2015||Q315||$0.10||$0.06||$582.00 million||$597.00 million||View||N/A|
|8/13/2015||Q215||$0.31||$0.25||$735.48 million||$675.00 million||View||Listen|
|5/12/2015||Q115||$0.22||$0.21||$566.60 million||$534.80 million||View||Listen|
|3/18/2015||Q414||$0.20||$0.14||$278.00 million||$273.60 million||View||N/A|
Earnings Estimates for Platform Specialty Products Corporation (NYSE:PAH)
2017 EPS Consensus Estimate: $0.61
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Platform Specialty Products Corporation (NYSE:PAH)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Platform Specialty Products Corporation (NYSE:PAH)
Insider Ownership Percentage: 6.00%Insider Trades by Quarter for Platform Specialty Products Corporation (NYSE:PAH)
Institutional Ownership Percentage: 93.88%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/29/2017||Ian G H Ashken||Director||Buy||45,000||$10.98||$494,100.00|| |
|8/25/2017||John David Tolbert||Insider||Buy||2,000||$11.09||$22,180.00|| |
|8/25/2017||John Edward Capps||EVP||Buy||2,500||$10.77||$26,925.00|| |
|8/25/2017||Rakesh Sachdev||CEO||Buy||11,000||$11.06||$121,660.00|| |
|11/8/2016||Diego Lopez Casanello||Insider||Buy||4,000||$8.26||$33,040.00|| |
|9/16/2016||Martin E Franklin||Director||Buy||1,050,000||$8.25||$8,662,500.00|| |
|3/17/2016||David A Jacoboski||Treasurer||Buy||1,000||$8.49||$8,490.00|| |
|12/9/2015||Ian G H Ashken||Director||Buy||50,000||$11.36||$568,000.00|| |
|11/23/2015||David A. Jacoboski||Treasurer||Buy||1,500||$12.53||$18,795.00|| |
|11/19/2015||Benjamin Gliklich||COO||Buy||4,000||$11.75||$47,000.00|| |
|11/19/2015||Martin E Franklin||Director||Buy||500,000||$11.88||$5,940,000.00|| |
|11/19/2015||Sanjiv Khattri||CFO||Buy||5,000||$11.83||$59,150.00|| |
|8/25/2015||Martin E Franklin||Director||Buy||224,100||$17.81||$3,991,221.00|| |
|8/18/2015||Benjamin Gliklich||VP||Buy||4,760||$20.80||$99,008.00|| |
|12/16/2014||Martin E Franklin||Director||Buy||250,000||$21.21||$5,302,500.00|| |
|11/21/2014||Stanhope Investments||Major Shareholder||Sell||351,193||$26.02||$9,138,041.86|| |
|11/20/2014||E Stanley Oneal||Director||Buy||30,000||$25.96||$778,800.00|| |
|11/19/2014||E Stanley Oneal||Director||Buy||47,601||$26.02||$1,238,578.02|| |
|11/19/2014||Stanhope Investments||Major Shareholder||Sell||205,954||$26.06||$5,367,161.24|| |
|4/30/2014||Stanhope Investments||Major Shareholder||Buy||144,105||$19.50||$2,810,047.50|| |
|4/22/2014||Stanhope Investments||Major Shareholder||Sell||2,000,000||$20.50||$41,000,000.00|| |
|3/13/2014||Stanhope Investments||Major Shareholder||Sell||1,900||$21.00||$39,900.00|| |
|3/11/2014||Stanhope Investments||Major Shareholder||Sell||95,176||$21.37||$2,033,911.12|| |
|3/10/2014||Stanhope Investments||Major Shareholder||Sell||238,557||$21.61||$5,155,216.77|| |
Headline Trends for Platform Specialty Products Corporation (NYSE:PAH)
Latest Headlines for Platform Specialty Products Corporation (NYSE:PAH)
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Platform Specialty Products Corporation (PAH) Chart for Monday, October, 23, 2017