Brenntag (OTCMKTS:BNTGY) Issues Quarterly Earnings Results

Brenntag (OTCMKTS:BNTGY) issued its quarterly earnings data on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01), Zacks reports. Brenntag had a return on equity of 9.19% and a net margin of 2.62%.The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.32 billion.

Brenntag Stock Performance

BNTGY stock traded down $0.17 during mid-day trading on Friday, reaching $11.39. The company had a trading volume of 55,688 shares, compared to its average volume of 57,966. Brenntag has a fifty-two week low of $10.52 and a fifty-two week high of $14.82. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 17.80 and a beta of 0.86. The firm has a fifty day simple moving average of $11.59 and a 200 day simple moving average of $12.59.

Wall Street Analysts Forecast Growth

BNTGY has been the topic of several research analyst reports. BNP Paribas assumed coverage on Brenntag in a report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price objective on the stock. Zacks Research raised Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Brenntag in a research report on Wednesday, September 24th. Finally, UBS Group lowered Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $12.80.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.