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.
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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