Norsk Hydro ASA (OTCMKTS:NHYDY) Announces Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) posted its quarterly earnings data on Friday. The industrial products company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04, Zacks reports. Norsk Hydro ASA had a return on equity of 10.20% and a net margin of 4.96%.The company had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.82 billion.

Norsk Hydro ASA Price Performance

Norsk Hydro ASA stock traded down $0.30 during midday trading on Friday, reaching $9.10. 237,568 shares of the stock traded hands, compared to its average volume of 303,230. The stock has a market cap of $18.00 billion, a P/E ratio of 17.50, a PEG ratio of 0.28 and a beta of 1.15. The stock’s fifty day moving average is $8.32 and its 200-day moving average is $7.30. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a 12 month low of $4.50 and a 12 month high of $9.75.

Wall Street Analysts Forecast Growth

NHYDY has been the subject of several research reports. Wall Street Zen lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Danske raised shares of Norsk Hydro ASA to a “hold” rating in a report on Monday, October 27th. Morgan Stanley reiterated an “overweight” rating on shares of Norsk Hydro ASA in a research report on Tuesday, December 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Norsk Hydro ASA in a research report on Friday, November 21st. Finally, Zacks Research cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.