Akzo Nobel (OTCMKTS:AKZOY) Expected to Earn FY2018 Earnings of $1.11 Per Share

Akzo Nobel (OTCMKTS:AKZOY) – Stock analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Akzo Nobel in a report released on Monday, Zacks Investment Research reports. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $1.11 per share for the year, up from their previous estimate of $1.10.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Thursday, March 8th. The basic materials company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.05. Akzo Nobel had a net margin of 6.19% and a return on equity of 16.15%. The business had revenue of $2.69 billion during the quarter.

Several other research analysts have also recently commented on AKZOY. ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.00.

Shares of Akzo Nobel stock traded down $0.17 on Tuesday, reaching $32.54. 2,181 shares of the company traded hands, compared to its average volume of 59,429. Akzo Nobel has a fifty-two week low of $26.97 and a fifty-two week high of $33.39. The firm has a market capitalization of $24,728.25, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.40 and a quick ratio of 1.01.

COPYRIGHT VIOLATION NOTICE: “Akzo Nobel (OTCMKTS:AKZOY) Expected to Earn FY2018 Earnings of $1.11 Per Share” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2018/03/21/fy2018-eps-estimates-for-akzo-nobel-boosted-by-analyst-akzoy.html.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

Get a free copy of the Zacks research report on Akzo Nobel (AKZOY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply