Platform Specialty Products Corporation (PAH) Expected to Announce Quarterly Sales of $990.05 Million
Brokerages forecast that Platform Specialty Products Corporation (NYSE:PAH) will report sales of $990.05 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Platform Specialty Products’ earnings. The lowest sales estimate is $977.10 million and the highest is $1.00 billion. Platform Specialty Products posted sales of $950.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that Platform Specialty Products will report full year sales of $990.05 million for the current fiscal year, with estimates ranging from $3.68 billion to $3.71 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.86 billion per share, with estimates ranging from $3.85 billion to $3.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Platform Specialty Products.
Platform Specialty Products (NYSE:PAH) last announced its quarterly earnings data on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Platform Specialty Products had a negative net margin of 4.12% and a positive return on equity of 7.45%. The company had revenue of $904.30 million during the quarter, compared to the consensus estimate of $912.19 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year.
Shares of Platform Specialty Products (NYSE:PAH) opened at $9.51 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.05 and a quick ratio of 1.55. Platform Specialty Products has a 12-month low of $9.11 and a 12-month high of $14.82. The firm has a market capitalization of $2,720.00, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.01 and a beta of 3.07.
A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado grew its stake in Platform Specialty Products by 1.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 43,242 shares of the specialty chemicals company’s stock worth $548,000 after purchasing an additional 779 shares during the period. Global Endowment Management LP grew its stake in Platform Specialty Products by 7.6% in the second quarter. Global Endowment Management LP now owns 41,300 shares of the specialty chemicals company’s stock worth $524,000 after purchasing an additional 2,900 shares during the period. Teacher Retirement System of Texas grew its stake in Platform Specialty Products by 19.8% in the second quarter. Teacher Retirement System of Texas now owns 18,016 shares of the specialty chemicals company’s stock worth $228,000 after purchasing an additional 2,975 shares during the period. Alliancebernstein L.P. grew its stake in Platform Specialty Products by 2.9% in the second quarter. Alliancebernstein L.P. now owns 111,450 shares of the specialty chemicals company’s stock worth $1,413,000 after purchasing an additional 3,145 shares during the period. Finally, California State Teachers Retirement System grew its stake in Platform Specialty Products by 0.8% in the second quarter. California State Teachers Retirement System now owns 402,094 shares of the specialty chemicals company’s stock worth $5,099,000 after purchasing an additional 3,312 shares during the period. 93.54% of the stock is currently owned by institutional investors.
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About Platform Specialty Products
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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