Wacker Chemie (WKCMF) Expected to Release Earnings on Thursday

by · The Markets Daily

Wacker Chemie (OTCMKTS:WKCMF – Get Free Report) will likely be issuing its resultson Thursday, July 30th. Analysts expect Wacker Chemie to post earnings of $0.4111 per share and revenue of $1.7042 billion for the quarter.

Wacker Chemie Stock Performance

Shares of OTCMKTS WKCMF opened at $106.52 on Tuesday. Wacker Chemie has a twelve month low of $72.60 and a twelve month high of $122.41. The stock has a 50 day moving average of $109.95 and a two-hundred day moving average of $100.68.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WKCMF shares. UBS Group cut shares of Wacker Chemie from a “buy” rating to a “neutral” rating in a report on Tuesday, May 26th. Citigroup cut shares of Wacker Chemie from a “hold” rating to a “sell” rating in a research note on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wacker Chemie in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Wacker Chemie currently has a consensus rating of “Reduce”.

Read Our Latest Stock Analysis on Wacker Chemie

About Wacker Chemie

(Get Free Report)

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.

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