Brokerages expect that Platform Specialty Products Corporation (NYSE:PAH) will announce earnings of $0.19 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Platform Specialty Products Corporation’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. Platform Specialty Products Corporation posted earnings of $0.14 per share during the same quarter last year, which would indicate a positive year over year growth rate of 35.7%. The company is scheduled to issue its next quarterly earnings report on Friday, November 3rd.

On average, analysts expect that Platform Specialty Products Corporation will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.77 to $0.81. For the next year, analysts expect that the business will post earnings of $0.95 per share, with EPS estimates ranging from $0.83 to $1.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Platform Specialty Products Corporation.

Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $941.10 million during the quarter, compared to analyst estimates of $933.32 million. Platform Specialty Products Corporation had a positive return on equity of 7.15% and a negative net margin of 0.26%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share.

Several equities analysts have recently weighed in on the company. BidaskClub downgraded Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research raised Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. UBS AG reissued a “buy” rating and set a $17.00 target price (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. ValuEngine raised Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Instinet cut their target price on Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.10.

In other news, CEO Rakesh Sachdev bought 11,000 shares of the stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of $11.06 per share, for a total transaction of $121,660.00. Following the acquisition, the chief executive officer now owns 11,000 shares of the company’s stock, valued at $121,660. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Edward Capps bought 2,500 shares of the stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $10.77 per share, with a total value of $26,925.00. Following the completion of the acquisition, the executive vice president now directly owns 2,500 shares in the company, valued at approximately $26,925. The disclosure for this purchase can be found here. Insiders acquired a total of 60,500 shares of company stock worth $664,865 in the last ninety days. 6.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Partners Fund LP lifted its stake in shares of Platform Specialty Products Corporation by 177.8% during the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 6,400 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Platform Specialty Products Corporation during the 2nd quarter worth $129,000. Bfsg LLC purchased a new stake in shares of Platform Specialty Products Corporation during the 2nd quarter worth $130,000. First National Bank of Omaha purchased a new stake in shares of Platform Specialty Products Corporation during the 2nd quarter worth $134,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Platform Specialty Products Corporation during the 1st quarter worth $143,000. Hedge funds and other institutional investors own 93.71% of the company’s stock.

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Platform Specialty Products Corporation (NYSE:PAH) traded up 0.26% during mid-day trading on Friday, hitting $11.51. The stock had a trading volume of 1,090,772 shares. The stock’s market cap is $3.30 billion. The stock’s 50-day moving average price is $12.65 and its 200-day moving average price is $12.92. Platform Specialty Products Corporation has a 12 month low of $6.85 and a 12 month high of $14.82.

About Platform Specialty Products Corporation

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

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