Covestro (COVTY) Expected to Post Earnings on Tuesday

Covestro (OTCMKTS:COVTY) will likely be issuing its results before the market opens on Tuesday, November 3rd. Analysts expect Covestro to announce earnings of $1.21 per share and revenue of $3.98 billion for the quarter.

Covestro Stock Down 1.8%

COVTY opened at $32.81 on Tuesday. Covestro has a 12 month low of $31.99 and a 12 month high of $36.60. The company has a fifty day simple moving average of $34.01 and a 200 day simple moving average of $34.29. The stock has a market cap of $13.63 billion, a P/E ratio of -12.97 and a beta of 0.97.

Covestro Company Profile

Covestro AG is a Germany-based materials manufacturer that develops and produces high-performance polymers and chemical products for industrial and consumer applications. The company supplies materials used in areas such as automotive manufacturing, construction, electronics, medical technology, furniture, sports equipment and packaging.

Its product portfolio includes polycarbonates, polyurethane components, coatings, adhesives, specialty films and related chemical intermediates. Covestro’s materials are designed to provide properties such as durability, lightweight performance, insulation, chemical resistance and weather protection, and are used by manufacturers in a wide range of finished products.

Headquartered in Leverkusen, Germany, Covestro serves customers internationally through production facilities, research operations and sales organizations across Europe, North America, Asia and other markets.