Basf (OTCMKTS:BASFY) Announces Earnings Results

Basf (OTCMKTS:BASFY) released its earnings results on Friday. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.42), Zacks reports. The business had revenue of $16.56 billion for the quarter, compared to analysts’ expectations of $14.32 billion. Basf had a net margin of 0.43% and a return on equity of 6.86%.

Basf Price Performance

Shares of OTCMKTS BASFY traded down $0.30 during trading hours on Friday, hitting $14.41. 106,068 shares of the stock were exchanged, compared to its average volume of 200,360. Basf has a one year low of $10.75 and a one year high of $15.60. The company’s 50 day moving average is $13.73 and its 200 day moving average is $13.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BASFY shares. Zacks Research downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Berenberg Bank raised Basf from a “sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating on shares of Basf in a research note on Wednesday. DZ Bank cut Basf from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Basf currently has a consensus rating of “Reduce”.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.