Basf (OTCMKTS:BASFY) Announces Earnings Results, Beats Expectations By $0.13 EPS

Basf (OTCMKTS:BASFY) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13, Zacks reports. The firm had revenue of $19.99 billion during the quarter, compared to analyst estimates of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.78%.

Basf Stock Down 2.1%

Shares of OTCMKTS:BASFY traded down $0.31 during midday trading on Friday, hitting $14.51. 35,267 shares of the company’s stock traded hands, compared to its average volume of 183,455. The firm’s fifty day moving average price is $14.06 and its two-hundred day moving average price is $14.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.26 and a current ratio of 1.91. Basf has a twelve month low of $11.93 and a twelve month high of $16.25. The company has a market cap of $51.80 billion, a PE ratio of 7.48, a P/E/G ratio of 1.12 and a beta of 0.74.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BASFY shares. Kepler Capital Markets upgraded Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of Basf in a research report on Friday, April 24th. Morgan Stanley restated an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.