Basf (OTCMKTS:BASFY) Posts Earnings Results, Beats Expectations By $0.12 EPS

Basf (OTCMKTS:BASFY) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12, Zacks reports. The company had revenue of $19.99 billion during the quarter, compared to analysts’ expectations of $18.84 billion. Basf had a net margin of 2.91% and a return on equity of 3.84%.

Basf Trading Up 1.7%

BASFY traded up $0.24 during midday trading on Thursday, reaching $14.81. 155,430 shares of the company’s stock traded hands, compared to its average volume of 184,146. Basf has a 52 week low of $11.93 and a 52 week high of $16.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.91 and a quick ratio of 1.26. The firm has a fifty day moving average of $14.06 and a two-hundred day moving average of $14.38. The stock has a market capitalization of $52.89 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.07 and a beta of 0.74.

Analyst Ratings Changes

BASFY has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Basf in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a report on Tuesday, May 5th. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Basf

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.