Basf (OTCMKTS:BASFY) Posts Earnings Results, Beats Expectations By $0.08 EPS

Basf (OTCMKTS:BASFY) posted its quarterly earnings results on Thursday. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08, Zacks reports. The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.44 billion. Basf had a return on equity of 3.90% and a net margin of 2.91%.

Basf Trading Up 0.1%

Shares of OTCMKTS BASFY traded up $0.02 during midday trading on Friday, reaching $16.09. 76,146 shares of the stock were exchanged, compared to its average volume of 126,210. Basf has a twelve month low of $11.66 and a twelve month high of $16.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.19 and a current ratio of 1.93. The company has a 50 day simple moving average of $14.70 and a 200 day simple moving average of $13.65. The stock has a market capitalization of $57.44 billion, a P/E ratio of 31.55, a PEG ratio of 1.58 and a beta of 0.75.

Analyst Ratings Changes

BASFY has been the subject of a number of analyst reports. Santander lowered Basf to a “neutral” rating in a research report on Wednesday, February 18th. DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Kepler Capital Markets restated a “hold” rating on shares of Basf in a research report on Tuesday, March 31st. Zacks Research upgraded Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, Citigroup restated a “buy” rating on shares of Basf in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

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.