FY2019 EPS Estimates for Akzo Nobel (AKZOY) Reduced by Analyst

Akzo Nobel (OTCMKTS:AKZOY) – Equities research analysts at Jefferies Group dropped their FY2019 earnings per share estimates for shares of Akzo Nobel in a research note issued on Monday. Jefferies Group analyst L. Alexander now forecasts that the basic materials company will post earnings of $1.21 per share for the year, down from their previous forecast of $1.25. Jefferies Group also issued estimates for Akzo Nobel’s FY2020 earnings at $1.35 EPS.

A number of other analysts have also recently issued reports on AKZOY. Zacks Investment Research upgraded Akzo Nobel from a “sell” rating to a “hold” rating in a report on Monday, December 25th. ValuEngine upgraded Akzo Nobel from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $33.00.

Shares of Akzo Nobel (AKZOY) traded up $0.30 during trading hours on Wednesday, hitting $33.31. The stock had a trading volume of 8,449 shares, compared to its average volume of 61,339. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.39. Akzo Nobel has a 1-year low of $26.52 and a 1-year high of $33.39. The stock has a market cap of $25,072.44, a PE ratio of 20.21, a P/E/G ratio of 2.01 and a beta of 1.09.

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

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Akzo Nobel Company Profile

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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