Arkema (OTCMKTS:ARKAY) Releases Earnings Results, Beats Estimates By $0.21 EPS

Arkema (OTCMKTS:ARKAY) announced its earnings results on Friday. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.21, Zacks reports. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Arkema had a return on equity of 6.36% and a net margin of 2.41%.

Arkema Price Performance

Shares of ARKAY stock opened at $59.66 on Friday. The stock’s 50-day simple moving average is $63.20 and its 200-day simple moving average is $69.52. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.66 and a beta of 1.01. Arkema has a fifty-two week low of $56.28 and a fifty-two week high of $91.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.92 and a current ratio of 2.73.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup reissued a “buy” rating on shares of Arkema in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Arkema in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Arkema currently has a consensus rating of “Hold”.

About Arkema

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.