Equities analysts predict that Platform Specialty Products Corp (NYSE:PAH) will report earnings per share of $0.07 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Platform Specialty Products’ earnings. The highest EPS estimate is $0.10 and the lowest is $0.04. Platform Specialty Products posted earnings per share of $0.17 during the same quarter last year, which would indicate a negative year over year growth rate of 58.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Platform Specialty Products will report full-year earnings of $0.57 per share for the current year. For the next fiscal year, analysts expect that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.76 to $0.77. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Platform Specialty Products.

Platform Specialty Products (NYSE:PAH) last issued its quarterly earnings data on Thursday, August 2nd. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $997.27 million. Platform Specialty Products had a negative net margin of 4.08% and a positive return on equity of 9.15%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS.

A number of brokerages have issued reports on PAH. Zacks Investment Research downgraded shares of Platform Specialty Products from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. ValuEngine raised shares of Platform Specialty Products from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 12th. Morgan Stanley set a $12.00 price objective on shares of Platform Specialty Products and gave the company a “hold” rating in a research report on Thursday, June 7th. Finally, Goldman Sachs Group downgraded shares of Platform Specialty Products from a “buy” rating to a “neutral” rating in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.20.

Platform Specialty Products stock traded down $0.08 during mid-day trading on Tuesday, reaching $13.31. 28,869 shares of the company traded hands, compared to its average volume of 3,791,925. The company has a current ratio of 2.11, a quick ratio of 1.62 and a debt-to-equity ratio of 2.07. The company has a market cap of $3.82 billion, a P/E ratio of 17.54, a PEG ratio of 1.92 and a beta of 3.17. Platform Specialty Products has a 52-week low of $9.09 and a 52-week high of $13.54.

In other Platform Specialty Products news, Director Pershing Square Capital Manage bought 9,968,304 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were purchased at an average price of $12.10 per share, for a total transaction of $120,616,478.40. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scot Benson bought 6,000 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were acquired at an average price of $12.56 per share, for a total transaction of $75,360.00. Following the acquisition, the insider now owns 85,456 shares in the company, valued at approximately $1,073,327.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 10,281,137 shares of company stock worth $124,380,356. Company insiders own 5.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in PAH. InterOcean Capital LLC bought a new position in Platform Specialty Products in the 2nd quarter worth about $121,000. LPL Financial LLC bought a new position in Platform Specialty Products in the 1st quarter worth about $108,000. Neuberger Berman Group LLC bought a new position in Platform Specialty Products in the 1st quarter worth about $113,000. First National Bank of Omaha bought a new position in Platform Specialty Products in the 2nd quarter worth about $139,000. Finally, Granite Springs Asset Management LLC bought a new position in Platform Specialty Products in the 1st quarter worth about $133,000. Hedge funds and other institutional investors own 95.31% of the company’s stock.

Platform Specialty Products Company Profile

Platform Specialty Products Corporation produces and sells specialty chemical products worldwide. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers a range of specialty chemicals, such as surface and coating materials, functional conversion coatings, electronic assembly materials, water-based hydraulic control fluids, and photopolymers.

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

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