Akzo Nobel (OTCMKTS:AKZOY) is scheduled to post its quarterly earnings results on Wednesday, October 17th.
Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, July 18th. The basic materials company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.14). Akzo Nobel had a return on equity of 11.13% and a net margin of 7.79%. The firm had revenue of $2.92 billion for the quarter. On average, analysts expect Akzo Nobel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AKZOY stock opened at $28.31 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.40. Akzo Nobel has a fifty-two week low of $28.13 and a fifty-two week high of $33.39. The company has a market cap of $23.94 billion, a P/E ratio of 17.16, a PEG ratio of 2.88 and a beta of 1.01.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Monday. Sanford C. Bernstein assumed coverage on shares of Akzo Nobel in a research note on Monday, September 24th. They set an “outperform” rating on the stock. Finally, ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Akzo Nobel presently has a consensus rating of “Buy” and a consensus price target of $32.00.
Akzo Nobel Company Profile
Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.
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