Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) is projected to release its results before the market opens on Friday, October 23rd. Analysts expect Norsk Hydro ASA to announce earnings of $0.2375 per share and revenue of $5.72 billion for the quarter.
Norsk Hydro ASA (OTCMKTS:NHYDY – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Norsk Hydro ASA had a net margin of 4.90% and a return on equity of 11.46%. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.74 billion. On average, analysts expect Norsk Hydro ASA to post $0.87 EPS for the current fiscal year and $0.87 EPS for the next fiscal year.
Norsk Hydro ASA Stock Performance
OTCMKTS NHYDY opened at $7.88 on Wednesday. The firm has a market cap of $15.59 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $9.16 and its 200-day moving average is $10.06. Norsk Hydro ASA has a 12-month low of $6.49 and a 12-month high of $13.02.
Analysts Set New Price Targets
NHYDY has been the subject of a number of recent research reports. Zacks Research upgraded shares of Norsk Hydro ASA from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. Finally, Danske upgraded Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.
Read Our Latest Stock Report on Norsk Hydro ASA
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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