Norsk Hydro ASA (NHYDY) Projected to Release Earnings on Wednesday

Norsk Hydro ASA (OTCMKTS:NHYDY) is anticipated to announce its resultson Wednesday, July 22nd. Analysts expect the company to post earnings of $0.22 per share and revenue of $5.7543 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.42 billion. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%. On average, analysts expect Norsk Hydro ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Norsk Hydro ASA Trading Up 4.4%

OTCMKTS NHYDY opened at $9.26 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. The company has a market capitalization of $18.32 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.02. The company’s 50-day simple moving average is $10.80 and its two-hundred day simple moving average is $9.97. Norsk Hydro ASA has a one year low of $5.82 and a one year high of $13.02.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NHYDY shares. Danske cut shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Pareto Securities lowered shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Royal Bank Of Canada raised shares of Norsk Hydro ASA from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 20th. The Goldman Sachs Group upgraded Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, Zacks Research cut Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.