Platform Specialty Products Corporation (PAH) Releases Earnings Results, Misses Estimates By $0.01 EPS
Platform Specialty Products Corporation (NYSE:PAH) posted its earnings results on Thursday. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01), Bloomberg Earnings reports. Platform Specialty Products Corporation had a positive return on equity of 7.48% and a negative net margin of 4.12%. The firm had revenue of $904.30 million for the quarter, compared to analyst estimates of $912.19 million. During the same period in the previous year, the company posted $0.14 EPS. Platform Specialty Products Corporation’s revenue was up 1.5% on a year-over-year basis.
Platform Specialty Products Corporation (NYSE PAH) traded down $0.05 on Friday, hitting $10.40. The stock had a trading volume of 2,280,000 shares, compared to its average volume of 2,520,000. Platform Specialty Products Corporation has a fifty-two week low of $7.35 and a fifty-two week high of $14.82. The stock has a market cap of $3,000.00, a P/E ratio of 14.31, a P/E/G ratio of 1.14 and a beta of 3.15. The company has a current ratio of 1.94, a quick ratio of 1.50 and a debt-to-equity ratio of 1.79.
Several equities analysts recently issued reports on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $15.00 target price on shares of Platform Specialty Products Corporation in a research note on Friday. Barclays PLC decreased their target price on Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Zacks Investment Research lowered Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub lowered Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, UBS Group AG (USA) 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 note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Platform Specialty Products Corporation currently has a consensus rating of “Hold” and an average target price of $13.50.
ILLEGAL ACTIVITY NOTICE: “Platform Specialty Products Corporation (PAH) Releases Earnings Results, Misses Estimates By $0.01 EPS” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/04/platform-specialty-products-corporation-pah-releases-earnings-results-misses-estimates-by-0-01-eps.html.
In related news, Director Ian G. H. Ashken purchased 45,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of $10.98 per share, with a total value of $494,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Edward Capps purchased 2,500 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $26,925. The disclosure for this purchase can be found here. Insiders acquired 60,500 shares of company stock valued at $664,865 over the last three months. 6.00% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Platform Specialty Products Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platform Specialty Products Corporation and related companies with MarketBeat.com's FREE daily email newsletter.