Norsk Hydro ASA (OTCMKTS:NHYDY) Posts Quarterly Earnings Results, Hits Estimates

Norsk Hydro ASA (OTCMKTS:NHYDY) released its earnings results on Friday. The industrial products company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24, Zacks reports. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.72 billion.

Norsk Hydro ASA Trading Down 6.6%

Shares of NHYDY stock opened at $7.11 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26. Norsk Hydro ASA has a twelve month low of $6.49 and a twelve month high of $13.02. The company’s 50-day moving average price is $9.03 and its 200-day moving average price is $10.00. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.34 and a beta of 1.10.

Analyst Ratings Changes

A number of analysts have commented on the stock. Danske upgraded shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. Finally, Zacks Research upgraded Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average 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.