Basf (BASFY) to Announce Quarterly Earnings on Wednesday

Basf (OTCMKTS:BASFY) is expected to be posting its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.27 per share and revenue of $18.8481 billion for the quarter.

Basf (OTCMKTS:BASFY) last issued its earnings results on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. Basf had a net margin of 2.91% and a return on equity of 3.84%. The company had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.44 billion. On average, analysts expect Basf to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Basf Price Performance

Shares of Basf stock opened at $13.74 on Wednesday. The company has a market capitalization of $49.05 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.05 and a beta of 0.74. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $14.23 and its 200-day simple moving average is $14.34. Basf has a 52 week low of $11.93 and a 52 week high of $16.25.

Wall Street Analyst Weigh In

BASFY has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. Kepler Capital Markets upgraded Basf from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a report on Tuesday, May 5th. Finally, Citigroup reissued a “buy” rating on shares of Basf in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Basf has an average rating of “Moderate Buy”.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.