Brenntag (OTCMKTS:BNTGY) Announces Earnings Results

Brenntag (OTCMKTS:BNTGY) announced its quarterly earnings data on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04, Zacks reports. Brenntag had a net margin of 2.41% and a return on equity of 8.34%. The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.61 billion.

Brenntag Stock Up 0.4%

Brenntag stock traded up $0.06 during midday trading on Friday, hitting $14.09. The company’s stock had a trading volume of 151 shares, compared to its average volume of 43,873. The stock’s 50-day moving average price is $13.21 and its 200-day moving average price is $13.07. Brenntag has a 12 month low of $10.19 and a 12 month high of $14.97. The company has a market capitalization of $10.17 billion, a PE ratio of 23.87 and a beta of 0.63.

Analysts Set New Price Targets

A number of analysts recently weighed in on BNTGY shares. Jefferies Financial Group raised shares of Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. DZ Bank upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lowered Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Eight analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Brenntag has a consensus rating of “Reduce” and an average price target of $12.80.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.