Analysts expect Platform Specialty Products Corporation (NYSE:PAH) to report $0.24 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Platform Specialty Products’ earnings, with estimates ranging from $0.22 to $0.25. Platform Specialty Products posted earnings per share of $0.20 in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Platform Specialty Products will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.79. For the next fiscal year, analysts forecast that the business will post earnings of $0.94 per share, with EPS estimates ranging from $0.83 to $1.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Platform Specialty Products.

Platform Specialty Products (NYSE:PAH) last issued its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $904.30 million for the quarter, compared to the consensus estimate of $912.19 million. Platform Specialty Products had a negative net margin of 4.12% and a positive return on equity of 7.45%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share.

PAH has been the subject of several recent research reports. SunTrust Banks raised Platform Specialty Products from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Monday, September 18th. Credit Suisse Group initiated coverage on Platform Specialty Products in a research report on Wednesday, November 15th. They issued a “neutral” rating and a $12.00 price target for the company. Zacks Investment Research lowered Platform Specialty Products from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Barclays reduced their price target on Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Finally, ValuEngine lowered Platform Specialty Products from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.50.

A number of large investors have recently made changes to their positions in PAH. FMR LLC increased its position in Platform Specialty Products by 12.7% during the 2nd quarter. FMR LLC now owns 22,055,440 shares of the specialty chemicals company’s stock valued at $279,663,000 after buying an additional 2,483,623 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Platform Specialty Products during the 2nd quarter valued at about $31,220,000. Glenview Capital Management LLC increased its position in Platform Specialty Products by 17.9% during the 2nd quarter. Glenview Capital Management LLC now owns 13,203,633 shares of the specialty chemicals company’s stock valued at $167,422,000 after buying an additional 2,000,000 shares in the last quarter. AXA acquired a new position in Platform Specialty Products during the 2nd quarter valued at about $22,303,000. Finally, Capital World Investors increased its position in Platform Specialty Products by 13.1% during the 2nd quarter. Capital World Investors now owns 12,080,829 shares of the specialty chemicals company’s stock valued at $153,185,000 after buying an additional 1,398,319 shares in the last quarter. 93.54% of the stock is currently owned by institutional investors.

Platform Specialty Products (NYSE PAH) traded down $0.05 on Wednesday, hitting $9.46. The stock had a trading volume of 2,295,423 shares, compared to its average volume of 2,385,334. The company has a market cap of $2,718.81, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.01 and a beta of 3.19. The company has a current ratio of 2.05, a quick ratio of 1.55 and a debt-to-equity ratio of 1.77. Platform Specialty Products has a 52-week low of $9.11 and a 52-week high of $14.82.

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Platform Specialty Products 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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