Norsk Hydro ASA (OTCMKTS:NHYDY) Posts Earnings Results, Hits Expectations

Norsk Hydro ASA (OTCMKTS:NHYDY) issued its earnings results on Wednesday. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09, Yahoo Finance reports. The business had revenue of $4.52 billion during the quarter. Norsk Hydro ASA had a return on equity of 6.23% and a net margin of 1.67%.

Norsk Hydro ASA Stock Performance

NHYDY traded up $0.04 during midday trading on Friday, reaching $6.26. The company had a trading volume of 59,169 shares, compared to its average volume of 227,887. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.24 and a current ratio of 1.82. The stock has a market cap of $12.76 billion, a PE ratio of 44.71, a P/E/G ratio of 0.98 and a beta of 1.60. Norsk Hydro ASA has a 12-month low of $5.08 and a 12-month high of $7.72. The business has a 50-day moving average price of $5.75 and a two-hundred day moving average price of $5.84.

Norsk Hydro ASA Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.2354 per share. The ex-dividend date of this dividend is Thursday, May 9th. Norsk Hydro ASA’s dividend payout ratio is 292.86%.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.