FY2018 EPS Estimates for Akzo Nobel Boosted by Analyst (AKZOY)

Akzo Nobel (OTCMKTS:AKZOY) – Equities researchers at Jefferies Group increased their FY2018 earnings estimates for Akzo Nobel in a research report issued on Monday. Jefferies Group analyst L. Alexander now expects that the basic materials company will earn $1.11 per share for the year, up from their previous estimate of $1.10.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Thursday, March 8th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.05. The firm had revenue of $2.69 billion during the quarter. Akzo Nobel had a net margin of 6.19% and a return on equity of 16.15%.

A number of other analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.00.

Shares of Akzo Nobel (OTCMKTS AKZOY) opened at $33.15 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.40 and a quick ratio of 1.01. The stock has a market cap of $25,114.04, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. Akzo Nobel has a one year low of $26.52 and a one year high of $33.28.

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About Akzo Nobel

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company’s segments include Decorative Paints, Performance Coatings, Paints and Coatings, and Specialty Chemicals. The Decorative Paints segment’s business operations include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

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