Platform Specialty Products Corporation (PAH) Scheduled to Post Quarterly Earnings on Thursday
Platform Specialty Products Corporation (NYSE:PAH) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Platform Specialty Products Corporation (NYSE:PAH) last posted its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Platform Specialty Products Corporation had a positive return on equity of 7.15% and a negative net margin of 0.26%. The company had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. During the same period in the previous year, the firm posted $0.16 EPS. Platform Specialty Products Corporation’s revenue was up 2.1% compared to the same quarter last year. On average, analysts expect Platform Specialty Products Corporation to post $0.79 EPS for the current fiscal year and $0.97 EPS for the next fiscal year.
Shares of Platform Specialty Products Corporation (NYSE PAH) opened at 10.80 on Thursday. Platform Specialty Products Corporation has a 12-month low of $7.15 and a 12-month high of $14.82. The firm’s market capitalization is $3.10 billion. The company has a 50-day moving average price of $11.36 and a 200 day moving average price of $12.54.
A number of research analysts have recently weighed in on PAH shares. SunTrust Banks, Inc. raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $15.00 in a research note on Monday, September 18th. BidaskClub cut shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. UBS Group AG reissued a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday, August 10th. Finally, Barclays PLC dropped their price objective on shares of Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.50.
In other news, Director Ian G. H. Ashken bought 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average price of $10.98 per share, for a total transaction of $494,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rakesh Sachdev bought 11,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price of $11.06 per share, for a total transaction of $121,660.00. Following the transaction, the chief executive officer now owns 11,000 shares of the company’s stock, valued at approximately $121,660. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 60,500 shares of company stock valued at $664,865. Corporate insiders own 6.00% of the company’s stock.
Platform Specialty Products Corporation Company Profile
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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