Novozymes A/S (OTCMKTS:NVZMY) Releases Earnings Results, Misses Expectations By $0.11 EPS

Novozymes A/S (OTCMKTS:NVZMY) released its quarterly earnings data on Tuesday. The biotechnology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.11), Zacks reports. Novozymes A/S had a net margin of 13.96% and a return on equity of 6.37%.

Novozymes A/S Trading Down 0.6%

OTCMKTS NVZMY traded down $0.35 during trading hours on Tuesday, reaching $61.98. The company had a trading volume of 15,192 shares, compared to its average volume of 97,812. The stock has a 50-day moving average of $58.27 and a 200 day moving average of $61.14. Novozymes A/S has a 1-year low of $49.90 and a 1-year high of $75.99. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $25.69 billion, a P/E ratio of 44.27, a price-to-earnings-growth ratio of 1.17 and a beta of 0.98.

Wall Street Analyst Weigh In

Separately, Rothschild & Co Redburn raised shares of Novozymes A/S to a “strong-buy” rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

About Novozymes A/S

Novozymes A/S is a Danish biotechnology company that develops, produces and markets industrial enzymes and microorganisms. Headquartered in Bagsværd, Denmark, the company focuses on using biological solutions to improve industrial processes across a range of end markets. Its offerings are designed to increase product performance or process efficiency while reducing energy, water and chemical consumption for customers.

The company’s product portfolio includes enzymes and microbial solutions for household care (detergents and cleaning products), food and beverages (baking, brewing and dairy applications), bioenergy (enzymes for biofuel production), agriculture (microbial crop inputs and biocontrols) and industrial processing (textiles, pulp and paper, and wastewater treatment).