Akzo Nobel (AKZOY) Expected to Post FY2018 Earnings of $1.09 Per Share

Akzo Nobel (OTCMKTS:AKZOY) – Investment analysts at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for shares of Akzo Nobel in a research report issued to clients and investors on Tuesday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings per share of $1.09 for the year, up from their previous estimate of $1.04.

Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday. ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Societe Generale downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.00.

Shares of Akzo Nobel (OTCMKTS:AKZOY) opened at $30.17 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.40 and a quick ratio of 1.01. Akzo Nobel has a 1 year low of $20.66 and a 1 year high of $31.64. The firm has a market cap of $22,417.31, a P/E ratio of 19.50, a PEG ratio of 1.82 and a beta of 1.11.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 18th. The basic materials company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). Akzo Nobel had a net margin of 6.13% and a return on equity of 14.88%. The business had revenue of $4.26 billion during the quarter.

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Akzo Nobel Company Profile

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

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