Analysts expect Platform Specialty Products Corporation (NYSE:PAH) to report sales of $942.95 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Platform Specialty Products Corporation’s earnings. The highest sales estimate is $947.00 million and the lowest is $938.90 million. Platform Specialty Products Corporation posted sales of $922.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, August 9th.

According to Zacks, analysts expect that Platform Specialty Products Corporation will report full-year sales of $942.95 million for the current fiscal year, with estimates ranging from $3.63 billion to $3.71 billion. For the next year, analysts anticipate that the firm will post sales of $3.84 billion per share, with estimates ranging from $3.77 billion to $3.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Platform Specialty Products Corporation.

Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. Platform Specialty Products Corporation had a return on equity of 6.77% and a net margin of 1.18%. The business had revenue of $861.80 million during the quarter, compared to analyst estimates of $835.22 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year.

A number of equities analysts have recently issued reports on PAH shares. Zacks Investment Research raised Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, May 10th. Nomura reissued a “buy” rating and issued a $16.00 target price on shares of Platform Specialty Products Corporation in a report on Tuesday, May 9th. ValuEngine raised Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Instinet increased their target price on Platform Specialty Products Corporation from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Platform Specialty Products Corporation presently has an average rating of “Buy” and an average price target of $12.50.

Platform Specialty Products Corporation (NYSE:PAH) opened at 14.45 on Monday. The company’s 50-day moving average price is $12.88 and its 200-day moving average price is $12.91. Platform Specialty Products Corporation has a 52-week low of $6.85 and a 52-week high of $14.70. The firm’s market cap is $4.14 billion.

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A number of large investors have recently added to or reduced their stakes in PAH. Renaissance Technologies LLC boosted its stake in Platform Specialty Products Corporation by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 215,200 shares of the specialty chemicals company’s stock worth $2,111,000 after buying an additional 28,100 shares in the last quarter. Norges Bank acquired a new stake in Platform Specialty Products Corporation during the fourth quarter worth $22,229,000. Teachers Advisors LLC boosted its stake in Platform Specialty Products Corporation by 23.3% in the fourth quarter. Teachers Advisors LLC now owns 220,494 shares of the specialty chemicals company’s stock worth $2,163,000 after buying an additional 41,652 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in Platform Specialty Products Corporation during the first quarter worth $292,000. Finally, Bank of Montreal Can boosted its stake in Platform Specialty Products Corporation by 4.4% in the first quarter. Bank of Montreal Can now owns 930,060 shares of the specialty chemicals company’s stock worth $12,109,000 after buying an additional 39,496 shares in the last quarter. 94.98% of the stock is owned by hedge funds and other institutional investors.

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