Equities Analysts Set Expectations for COVESTRO AG/S’s FY2018 Earnings (OTCMKTS:COVTY)

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COVESTRO AG/S (OTCMKTS:COVTY) – Jefferies Financial Group decreased their FY2018 earnings per share estimates for shares of COVESTRO AG/S in a research note issued to investors on Thursday, October 25th, Zacks Investment Research reports. Jefferies Financial Group analyst L. Alexander now expects that the company will earn $6.50 per share for the year, down from their prior estimate of $6.55. Jefferies Financial Group also issued estimates for COVESTRO AG/S’s Q4 2018 earnings at $1.38 EPS, FY2021 earnings at $7.25 EPS and FY2022 earnings at $7.73 EPS.

Separately, Zacks Investment Research lowered COVESTRO AG/S from a “hold” rating to a “sell” rating in a report on Friday, October 26th.

COVTY traded down $0.47 during trading hours on Friday, hitting $32.72. The stock had a trading volume of 8,153 shares, compared to its average volume of 73,449. COVESTRO AG/S has a 1 year low of $29.50 and a 1 year high of $62.08. The firm has a market cap of $13.25 billion and a P/E ratio of 5.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 2.18.

COVESTRO AG/S Company Profile

Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.

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