Platform Specialty Products Corp. (NYSE:PAH) – Roth Capital reduced their Q4 2016 earnings estimates for shares of Platform Specialty Products Corp. in a research note issued on Monday. Roth Capital analyst J. Reagor now anticipates that the firm will earn $0.19 per share for the quarter, down from their prior forecast of $0.23. Roth Capital currently has a “Buy” rating and a $13.00 target price on the stock. Roth Capital also issued estimates for Platform Specialty Products Corp.’s FY2017 earnings at $0.90 EPS.

Several other research analysts have also weighed in on PAH. Nomura reissued a “hold” rating on shares of Platform Specialty Products Corp. in a research report on Tuesday, July 12th. Citigroup Inc. began coverage on Platform Specialty Products Corp. in a research note on Thursday, July 28th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Barclays PLC reduced their target price on Platform Specialty Products Corp. from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 16th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Platform Specialty Products Corp. has a consensus rating of “Hold” and an average price target of $12.00.

Platform Specialty Products Corp. (NYSE:PAH) traded up 2.09% during mid-day trading on Thursday, reaching $8.80. The company’s stock had a trading volume of 1,545,202 shares. Platform Specialty Products Corp. has a 52-week low of $5.25 and a 52-week high of $15.01. The company’s market cap is $2.02 billion. The firm has a 50 day moving average price of $9.08 and a 200 day moving average price of $9.08.

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Platform Specialty Products Corp. (NYSE:PAH) last released its quarterly earnings data on Monday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.04. The business earned $922 million during the quarter, compared to the consensus estimate of $887.71 million. Platform Specialty Products Corp. had a negative net margin of 12.86% and a negative return on equity of 1.80%. Platform Specialty Products Corp.’s quarterly revenue was up 36.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS.

In related news, Director Martin E. Franklin purchased 1,050,000 shares of the business’s stock in a transaction on Friday, September 16th. The stock was acquired at an average price of $8.25 per share, for a total transaction of $8,662,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PAH. Stifel Financial Corp bought a new position in Platform Specialty Products Corp. during the second quarter worth about $103,000. Ameriprise Financial Inc. bought a new position in Platform Specialty Products Corp. during the second quarter worth about $106,000. Menta Capital LLC bought a new position in Platform Specialty Products Corp. during the first quarter worth about $117,000. Capstone Investment Advisors LLC bought a new position in Platform Specialty Products Corp. during the second quarter worth about $126,000. Finally, Legal & General Group Plc increased its position in Platform Specialty Products Corp. by 59.1% in the first quarter. Legal & General Group Plc now owns 14,761 shares of the company’s stock worth $127,000 after buying an additional 5,481 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

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