Platform Specialty Products Corp. (NYSE:PAH) – Equities researchers at Roth Capital cut their Q4 2016 earnings per share estimates for shares of Platform Specialty Products Corp. in a research note issued to investors on Sunday. Roth Capital analyst J. Reagor now expects that the brokerage will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.13. Roth Capital has a “Buy” rating and a $12.00 price objective on the stock. Roth Capital also issued estimates for Platform Specialty Products Corp.’s FY2017 earnings at $0.46 EPS.

A number of other research analysts have also recently weighed in on PAH. Citigroup Inc. began coverage on shares of Platform Specialty Products Corp. in a research report on Thursday, July 28th. They set a “buy” rating and a $11.00 price target on the stock. Barclays PLC reduced their target price on shares of Platform Specialty Products Corp. from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 16th. Nomura reissued a “neutral” rating and set a $12.00 target price (up from $11.00) on shares of Platform Specialty Products Corp. in a research report on Tuesday, September 13th. Finally, Zacks Investment Research cut shares of Platform Specialty Products Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Platform Specialty Products Corp. has a consensus rating of “Buy” and an average target price of $10.80.

Earnings History and Estimates for Platform Specialty Products Corp. (NYSE:PAH)

Platform Specialty Products Corp. (NYSE:PAH) opened at 8.68 on Tuesday. The firm’s 50-day moving average is $7.73 and its 200 day moving average is $8.81. Platform Specialty Products Corp. has a 12 month low of $5.25 and a 12 month high of $13.96. The stock’s market capitalization is $2.41 billion.

Platform Specialty Products Corp. (NYSE:PAH) last issued its quarterly earnings data on Friday, November 4th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Platform Specialty Products Corp. had a negative net margin of 5.98% and a negative return on equity of 0.56%. The company had revenue of $891 million for the quarter, compared to the consensus estimate of $850.16 million. During the same period last year, the firm posted $0.06 EPS. Platform Specialty Products Corp.’s revenue for the quarter was up 49.2% on a year-over-year basis.

In related news, Director Martin E. Franklin purchased 1,050,000 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were purchased at an average cost of $8.25 per share, with a total value of $8,662,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Diego Lopez Casanello purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average cost of $8.26 per share, for a total transaction of $33,040.00. Following the completion of the acquisition, the insider now directly owns 2,000 shares of the company’s stock, valued at $16,520. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Elliott Management Corp bought a new stake in Platform Specialty Products Corp. during the first quarter valued at about $12,440,000. Menta Capital LLC acquired a new stake in Platform Specialty Products Corp. during the first quarter valued at $117,000. Prudential Financial Inc. acquired a new stake in Platform Specialty Products Corp. during the first quarter valued at $2,018,000. BlackRock Institutional Trust Company N.A. raised its stake in Platform Specialty Products Corp. by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,425,032 shares of the company’s stock valued at $29,455,000 after buying an additional 40,614 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Platform Specialty Products Corp. by 12.6% in the first quarter. Wellington Management Group LLP now owns 28,164,686 shares of the company’s stock valued at $242,216,000 after buying an additional 3,162,721 shares during the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

5 Day Chart for NYSE:PAH

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