Syensqo (OTCMKTS:SHBBF) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Syensqo (OTCMKTS:SHBBF) issued its earnings results on Thursday. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03, Zacks reports. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.80 billion.

Syensqo Price Performance

Shares of SHBBF remained flat at $87.56 during mid-day trading on Friday. 341 shares of the stock were exchanged, compared to its average volume of 453. Syensqo has a 12-month low of $48.08 and a 12-month high of $98.20. The business has a 50-day simple moving average of $90.08 and a two-hundred day simple moving average of $79.39.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Syensqo from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Syensqo Company Profile

Syensqo is a global specialty chemicals and advanced materials company serving customers in industries such as aerospace, automotive, healthcare, electronics, consumer goods, and energy. Its portfolio includes high-performance polymers, composite materials, specialty adhesives, surfactants, and other formulated chemical solutions designed for demanding industrial and consumer applications.

The company develops materials that can support lightweighting, thermal and chemical resistance, durability, and improved resource efficiency.