Basf (OTCMKTS:BASFY) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Basf (OTCMKTS:BASFY) announced its quarterly earnings data on Friday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05, Zacks reports. The business had revenue of $16.92 billion for the quarter, compared to the consensus estimate of $15.72 billion. Basf had a net margin of 0.78% and a return on equity of 6.63%.

Basf Stock Up 0.6 %

BASFY opened at $12.66 on Friday. Basf has a fifty-two week low of $10.57 and a fifty-two week high of $14.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The firm’s fifty day moving average price is $11.81 and its two-hundred day moving average price is $11.98. The company has a market capitalization of $45.20 billion, a P/E ratio of 79.13, a P/E/G ratio of 2.30 and a beta of 1.19.

Analyst Ratings Changes

BASFY has been the topic of several research analyst reports. Berenberg Bank downgraded shares of Basf from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Jefferies Financial Group upgraded shares of Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group upgraded shares of Basf from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Basf has a consensus rating of “Hold”.

Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.