Akzo Nobel (OTCMKTS:AKZOY) Releases Earnings Results

by · The Markets Daily

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04), Zacks reports. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%.

Akzo Nobel Price Performance

Shares of Akzo Nobel stock opened at $21.97 on Wednesday. The firm has a market cap of $11.29 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The firm’s 50-day simple moving average is $22.50 and its 200-day simple moving average is $21.92. Akzo Nobel has a twelve month low of $18.04 and a twelve month high of $25.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.88.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AKZOY. Oddo Bhf upgraded Akzo Nobel from a “neutral” rating to an “outperform” rating in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Read Our Latest Stock Report on AKZOY

Akzo Nobel Company Profile

(Get Free Report)

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.

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