Arkema (OTCMKTS:ARKAY) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Arkema (OTCMKTS:ARKAY) issued its quarterly earnings results on Thursday. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03), Zacks reports. Arkema had a return on equity of 5.15% and a net margin of 1.55%.

Arkema Stock Up 1.6%

OTCMKTS:ARKAY traded up $1.16 during midday trading on Thursday, reaching $72.45. The company had a trading volume of 1,770 shares, compared to its average volume of 6,746. The stock’s fifty day simple moving average is $64.51 and its 200-day simple moving average is $63.98. The company has a current ratio of 3.07, a quick ratio of 2.26 and a debt-to-equity ratio of 0.55. Arkema has a 12-month low of $56.28 and a 12-month high of $91.51. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.47 and a beta of 0.90.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ARKAY. The Goldman Sachs Group raised shares of Arkema from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft cut shares of Arkema from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Barclays lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Zacks Research lowered Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Arkema presently has an average rating of “Reduce”.

Arkema Company Profile

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.