Wacker Chemie (WKCMF) Projected to Release Earnings on Thursday

Wacker Chemie (OTCMKTS:WKCMF) is anticipated to release its resultson Thursday, July 30th. Analysts expect Wacker Chemie to announce earnings of $0.4111 per share and revenue of $1.7042 billion for the quarter.

Wacker Chemie Stock Performance

Shares of OTCMKTS WKCMF opened at $106.52 on Wednesday. The business has a 50-day moving average of $109.83 and a 200-day moving average of $100.83. Wacker Chemie has a fifty-two week low of $72.60 and a fifty-two week high of $122.41.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup cut Wacker Chemie from a “hold” rating to a “sell” rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wacker Chemie in a research report on Thursday, April 9th. Finally, UBS Group downgraded shares of Wacker Chemie from a “buy” rating to a “neutral” rating in a report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

About Wacker Chemie

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.