Akzo Nobel (AKZOY) Issues Quarterly Earnings Results

Akzo Nobel (OTCMKTS:AKZOY) released its quarterly earnings data on Wednesday. The basic materials company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $3.90 billion during the quarter. Akzo Nobel had a net margin of 7.28% and a return on equity of 14.88%.

Shares of Akzo Nobel (OTCMKTS:AKZOY) traded up 0.79% during mid-day trading on Friday, reaching $28.14. 25,396 shares of the company traded hands. The stock’s 50-day moving average is $28.20 and its 200-day moving average is $23.89. The company has a market capitalization of $21.24 billion, a P/E ratio of 20.16 and a beta of 1.37. Akzo Nobel has a 52 week low of $19.32 and a 52 week high of $30.24.

Earnings History for Akzo Nobel (OTCMKTS:AKZOY)

A number of analysts have recently commented on AKZOY shares. Zacks Investment Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Evercore ISI started coverage on shares of Akzo Nobel in a research note on Monday, February 13th. They set a “buy” rating for the company. Citigroup Inc cut shares of Akzo Nobel from a “buy” rating to a “neutral” rating in a research note on Thursday, February 16th. Bank of America Corp raised shares of Akzo Nobel from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 14th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Akzo Nobel in a research note on Wednesday, March 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $31.00.

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Akzo Nobel Company Profile

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

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