Akzo Nobel (AKZOY) Expected to Release Quarterly Earnings on Wednesday

Akzo Nobel (OTCMKTS:AKZOY) is expected to announce its results before the market opens on Wednesday, October 21st. Analysts expect Akzo Nobel to post earnings of $0.42 per share and revenue of $2.96 billion for the quarter.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.96 billion. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%. On average, analysts expect Akzo Nobel to post $1.45 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.

Akzo Nobel Trading Down 0.4%

Shares of Akzo Nobel stock opened at $21.95 on Tuesday. The firm has a market capitalization of $11.28 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.88 and a quick ratio of 1.49. The company’s fifty day moving average price is $22.54 and its two-hundred day moving average price is $21.90. Akzo Nobel has a 52-week low of $18.04 and a 52-week high of $25.99.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AKZOY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Oddo Bhf raised shares of Akzo Nobel from a “neutral” rating to an “outperform” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company headquartered in Amsterdam. The company develops, manufactures and markets decorative paints, protective coatings and specialty coatings for residential, commercial, industrial and infrastructure applications.

Its product portfolio includes interior and exterior paints, wood and metal coatings, marine and protective coatings, powder coatings, automotive refinishes and coatings used in aerospace, transportation and consumer goods.