Norsk Hydro ASA (NHYDY) Set to Post Earnings on Friday

Norsk Hydro ASA (OTCMKTS:NHYDY) is projected to announce its results before the market opens on Friday, October 23rd. Analysts expect Norsk Hydro ASA to post earnings of $0.2375 per share and revenue of $5.72 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.74 billion. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. On average, analysts expect Norsk Hydro ASA to post $0.87 EPS for the current fiscal year and $0.87 EPS for the next fiscal year.

Norsk Hydro ASA Price Performance

NHYDY opened at $7.87 on Thursday. The firm has a 50-day moving average price of $9.12 and a 200-day moving average price of $10.04. Norsk Hydro ASA has a twelve month low of $6.49 and a twelve month high of $13.02. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.48 and a beta of 1.10.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Zacks Research raised shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. Danske upgraded shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company focused on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro is involved in the production, processing, recycling and marketing of aluminum products used in industries such as transportation, construction, packaging and consumer goods.

The company’s aluminum operations span the value chain, including bauxite and alumina activities, primary aluminum production, aluminum recycling, metal sales and downstream manufacturing.