Arkema (OTCMKTS:ARKAY) Releases Earnings Results, Misses Estimates By $0.09 EPS

Arkema (OTCMKTS:ARKAY) posted its earnings results on Thursday. The basic materials company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09), Zacks reports. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arkema had a net margin of 0.67% and a return on equity of 4.30%.

Arkema Stock Down 2.7%

OTCMKTS:ARKAY traded down $1.80 on Friday, hitting $64.41. The stock had a trading volume of 316 shares, compared to its average volume of 2,688. Arkema has a 1 year low of $56.28 and a 1 year high of $79.36. The firm’s fifty day simple moving average is $64.29 and its two-hundred day simple moving average is $66.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.52. The stock has a market cap of $4.90 billion, a P/E ratio of 222.10 and a beta of 0.87.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Arkema from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

About Arkema

Arkema is a France-based global specialty materials company that develops and manufactures products used in a wide range of industrial and consumer applications. Its portfolio includes specialty adhesives, high-performance polymers, acrylic materials, coating resins, additives and other chemical solutions designed to improve durability, performance and sustainability.

The company operates through businesses focused on Adhesive Solutions, Advanced Materials and Coating Solutions. Its products serve markets such as construction, automotive, electronics, packaging, renewable energy, consumer goods and industrial manufacturing.