Brenntag AG (OTCMKTS:BNTGY – Get Free Report)’s stock price gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $13.7275, but opened at $13.18. Brenntag shares last traded at $13.18, with a volume of 992 shares.
The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Brenntag had a return on equity of 8.30% and a net margin of 2.41%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. DZ Bank upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research report on Friday, August 14th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.
Read Our Latest Report on BNTGY
Brenntag Stock Down 4.0%
The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 22.34 and a beta of 0.61. The company has a 50 day simple moving average of $13.89 and a 200 day simple moving average of $13.33.
About Brenntag
Brenntag is a global distributor of chemicals and ingredients, connecting chemical manufacturers with customers across a broad range of industries. The company supplies both industrial and specialty products and provides services such as blending, mixing, packaging, and product formulation. Its offerings support applications in sectors including manufacturing, food and nutrition, pharmaceuticals, personal care, and water treatment. Brenntag also provides logistics, supply-chain management, and technical support to help customers source and use chemical products.
Recommended Stories
- Five stocks we like better than Brenntag
- Aehr Test Systems Notches Another Post-Earnings Win as Sales Triple on AI Demand
- Alphabet Escalates AI Chip Rivalry With NVIDIA
- Amazon’s Rally Is Outpacing Big Tech, But Can AWS Justify the AI Spending?
- 3 Stocks Wall Street Likes More Than the Market Does
Receive News & Ratings for Brenntag Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brenntag and related companies with MarketBeat.com's FREE daily email newsletter.
-corinth-refineries-sa-logo-1200x675.png){kind=logo}