Basf (OTCMKTS:BASFY) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Basf (OTCMKTS:BASFY) issued its quarterly earnings results on Friday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05, Zacks reports. Basf had a return on equity of 6.63% and a net margin of 0.78%.

Basf Trading Down 2.5 %

Shares of BASFY stock traded down $0.32 during trading on Friday, hitting $12.58. 73,277 shares of the stock traded hands, compared to its average volume of 243,599. The firm has a market capitalization of $44.91 billion, a P/E ratio of 78.63, a price-to-earnings-growth ratio of 2.30 and a beta of 1.19. Basf has a 52-week low of $10.57 and a 52-week high of $14.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The firm’s fifty day moving average price is $11.78 and its 200-day moving average price is $11.97.

Analyst Upgrades and Downgrades

BASFY has been the topic of several recent research reports. Berenberg Bank cut shares of Basf from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group upgraded shares of Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.