Brenntag (OTCMKTS:BNTGY – Get Free Report) posted its earnings results on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02), Zacks reports. Brenntag had a return on equity of 5.38% and a net margin of 1.55%.The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.33 billion.
Brenntag Stock Performance
Shares of OTCMKTS:BNTGY traded up $0.13 during trading on Friday, hitting $14.44. The company’s stock had a trading volume of 11,934 shares, compared to its average volume of 49,243. The business has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $12.20. The company has a market capitalization of $10.42 billion, a PE ratio of 39.03 and a beta of 0.67. Brenntag has a fifty-two week low of $10.19 and a fifty-two week high of $14.97.
Analyst Upgrades and Downgrades
BNTGY has been the topic of several research analyst reports. UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a research report on Friday. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $12.80.
About Brenntag
Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.
Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.
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