Brenntag (OTCMKTS:BNTGY) Announces Quarterly Earnings Results

Brenntag (OTCMKTS:BNTGY) issued its quarterly earnings data on Wednesday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02), Zacks reports. Brenntag had a return on equity of 5.89% and a net margin of 1.71%.

Brenntag Stock Down 3.5%

Shares of BNTGY stock traded down $0.51 during trading hours on Wednesday, hitting $14.14. 148,049 shares of the company’s stock traded hands, compared to its average volume of 49,517. The stock’s fifty day simple moving average is $12.88 and its two-hundred day simple moving average is $12.17. Brenntag has a 12-month low of $10.19 and a 12-month high of $14.97. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 34.49 and a beta of 0.67.

Analyst Upgrades and Downgrades

Several brokerages have commented on BNTGY. UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Barclays upgraded shares of Brenntag to a “hold” rating in a report on Thursday, January 15th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $12.80.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.