Akzo Nobel (AKZOY) Set to Announce Earnings on Wednesday

Akzo Nobel (OTCMKTS:AKZOY) will be posting its quarterly earnings results on Wednesday, October 23rd. Analysts expect Akzo Nobel to post earnings of $0.34 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.08. The business had revenue of $2.75 billion for the quarter. Akzo Nobel had a return on equity of 5.79% and a net margin of 71.69%. On average, analysts expect Akzo Nobel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Akzo Nobel stock opened at $30.71 on Tuesday. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 1.45 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.76. The stock has a 50 day moving average price of $29.97 and a 200-day moving average price of $29.96. Akzo Nobel has a one year low of $25.61 and a one year high of $33.00.

A number of brokerages have recently commented on AKZOY. Berenberg Bank began coverage on Akzo Nobel in a report on Wednesday, September 4th. They issued a “sell” rating for the company. Macquarie reiterated a “neutral” rating on shares of Akzo Nobel in a report on Tuesday, July 9th. Zacks Investment Research upgraded Akzo Nobel from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, October 8th. Finally, Citigroup cut Akzo Nobel from a “neutral” rating to a “sell” rating in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.00.

Akzo Nobel Company Profile

Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.

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Earnings History for Akzo Nobel (OTCMKTS:AKZOY)

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