Arkema (OTCMKTS:ARKAY) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Arkema (OTCMKTS:ARKAY) posted its quarterly earnings data on Thursday. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.10, Zacks reports. Arkema had a net margin of 0.46% and a return on equity of 4.06%.

Arkema Trading Up 3.3%

Shares of Arkema stock traded up $2.20 on Friday, hitting $68.30. The stock had a trading volume of 204 shares, compared to its average volume of 3,358. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.53. Arkema has a one year low of $56.28 and a one year high of $79.36. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 273.20 and a beta of 0.86. The stock’s 50-day simple moving average is $65.88 and its two-hundred day simple moving average is $67.16.

Analysts Set New Price Targets

A number of research firms recently commented on ARKAY. Berenberg Bank downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Sanford C. Bernstein raised Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Arkema presently has a consensus 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.