Norsk Hydro ASA (NHYDY) Projected to Post Earnings on Friday

Norsk Hydro ASA (OTCMKTS:NHYDY) is anticipated to release its results before the market opens on Friday, October 24th. Analysts expect Norsk Hydro ASA to post earnings of $0.07 per share and revenue of $47.1912 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Norsk Hydro ASA had a return on equity of 11.24% and a net margin of 4.37%.The firm had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $51.63 billion. On average, analysts expect Norsk Hydro ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Norsk Hydro ASA Trading Down 1.0%

Shares of OTCMKTS:NHYDY opened at $6.97 on Wednesday. The business’s 50-day moving average is $6.71 and its 200 day moving average is $6.00. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $7.08. The firm has a market capitalization of $13.79 billion, a P/E ratio of 15.49, a P/E/G ratio of 0.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.92 and a quick ratio of 1.27.

Analysts Set New Price Targets

NHYDY has been the topic of several recent analyst reports. Citigroup restated a “neutral” rating on shares of Norsk Hydro ASA in a report on Friday, September 26th. Barclays downgraded shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Pareto Securities cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating on shares of Norsk Hydro ASA in a report on Wednesday, October 8th. Finally, Kepler Capital Markets lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Norsk Hydro ASA has a consensus rating of “Hold”.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.