Basf (OTCMKTS:BASFY) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Basf (OTCMKTS:BASFY) released its quarterly earnings data on Wednesday. The basic materials company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.09, Zacks reports.

Basf Stock Performance

Basf stock traded up $0.07 during midday trading on Wednesday, reaching $14.60. The stock had a trading volume of 8,991 shares, compared to its average volume of 167,750. The company has a fifty day moving average price of $14.85 and a two-hundred day moving average price of $14.52. Basf has a 12 month low of $11.93 and a 12 month high of $16.25.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a report on Monday. Citigroup reaffirmed a “buy” rating on shares of Basf in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Basf Company Profile

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen, Germany. Founded in 1865, the company develops, manufactures and markets a broad range of chemicals, materials and solutions for industrial, agricultural and consumer applications. Its products are used in areas including transportation, construction, electronics, packaging, food and personal care.

BASF’s business includes chemicals and intermediates, performance materials, coatings, catalysts, battery materials, agricultural products, nutrition and care ingredients, and industrial solutions.