Akzo Nobel (OTCMKTS:AKZOY) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Akzo Nobel (OTCMKTS:AKZOY) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04), Zacks reports. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%.

Akzo Nobel Stock Up 0.1%

Shares of OTCMKTS:AKZOY opened at $21.97 on Wednesday. The company’s fifty day moving average is $22.50 and its 200-day moving average is $21.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.88. Akzo Nobel has a 52 week low of $18.04 and a 52 week high of $25.99. The company has a market capitalization of $11.29 billion, a PE ratio of 15.36, a P/E/G ratio of 1.79 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. Oddo Bhf raised Akzo Nobel from a “neutral” rating to an “outperform” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.