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.

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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.

Earnings History for Platform Specialty Products Corporation (NYSE:PAH)

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