Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) posted its quarterly earnings results on Friday. The industrial products company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24, Zacks reports. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.72 billion. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%.
Norsk Hydro ASA Stock Down 6.6%
Shares of NHYDY stock opened at $7.11 on Friday. The stock’s 50 day simple moving average is $9.03 and its 200 day simple moving average is $10.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 1.91. Norsk Hydro ASA has a twelve month low of $6.49 and a twelve month high of $13.02. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.43 and a beta of 1.10.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on NHYDY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a research report on Thursday, July 2nd. Zacks Research raised shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Finally, Danske upgraded shares of Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Analysis on NHYDY
About Norsk Hydro ASA
Norsk Hydro ASA is a Norwegian industrial company focused on aluminum and renewable energy. Founded in 1905 and headquartered in Oslo, Hydro is involved in the production, processing, recycling and marketing of aluminum products used in industries such as transportation, construction, packaging and consumer goods.
The company’s aluminum operations span the value chain, including bauxite and alumina activities, primary aluminum production, aluminum recycling, metal sales and downstream manufacturing.
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