Brenntag (OTCMKTS:BNTGY) Issues Quarterly Earnings Results

Brenntag (OTCMKTS:BNTGY) posted its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02), Zacks reports. Brenntag had a net margin of 1.71% and a return on equity of 5.89%.

Brenntag Trading Down 2.0%

Shares of OTCMKTS:BNTGY traded down $0.29 during mid-day trading on Wednesday, reaching $14.36. The stock had a trading volume of 148,978 shares, compared to its average volume of 49,522. The firm has a 50 day simple moving average of $12.88 and a two-hundred day simple moving average of $12.17. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97. The firm has a market cap of $10.37 billion, a PE ratio of 35.02 and a beta of 0.67.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group raised shares of Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $12.80.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.