Basf (OTCMKTS:BASFY) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Basf (OTCMKTS:BASFY) announced its earnings results on Wednesday. The basic materials company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12, Zacks reports. The business had revenue of $19.99 billion during the quarter, compared to the consensus estimate of $18.84 billion. Basf had a net margin of 2.91% and a return on equity of 3.84%.

Basf Stock Performance

OTCMKTS BASFY traded up $0.25 during trading hours on Thursday, hitting $14.82. 161,756 shares of the stock were exchanged, compared to its average volume of 184,166. 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 company has a market cap of $52.91 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. Basf has a 12-month low of $11.93 and a 12-month high of $16.25. The stock has a 50-day moving average of $14.06 and a 200 day moving average of $14.38.

Wall Street Analysts Forecast Growth

Several analysts have commented on BASFY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a research note on Tuesday, May 5th. Citigroup reissued a “buy” rating on shares of Basf in a report on Friday, April 24th. Morgan Stanley restated an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. Finally, Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.