Akzo Nobel (AKZOY) Expected to Release Earnings on Wednesday

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) is anticipated to issue its resultson Wednesday, July 22nd. Analysts expect the company to announce earnings of $0.45 per share and revenue of $2.9624 billion for the quarter.

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Akzo Nobel had a return on equity of 13.42% and a net margin of 6.44%. On average, analysts expect Akzo Nobel to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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Akzo Nobel Price Performance

OTCMKTS AKZOY opened at $21.77 on Tuesday. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.18 and a beta of 1.18. Akzo Nobel has a 1-year low of $18.04 and a 1-year high of $25.99. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.35. The business’s fifty day moving average price is $21.98 and its 200-day moving average price is $21.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup initiated coverage on shares of Akzo Nobel in a report on Friday, June 5th. They issued a “buy” rating on the stock. The Goldman Sachs Group downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Akzo Nobel has a consensus rating of “Hold”.

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Akzo Nobel Company Profile

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Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.

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