Norsk Hydro ASA (NHYDY) Projected to Announce Earnings on Wednesday

Norsk Hydro ASA (OTCMKTS:NHYDY) is anticipated to announce its resultson Wednesday, July 22nd. Analysts expect Norsk Hydro ASA to announce earnings of $0.22 per share and revenue of $5.7360 billion for the quarter.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.42 billion. On average, analysts expect Norsk Hydro ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Norsk Hydro ASA Trading Down 3.9%

Shares of NHYDY opened at $8.61 on Tuesday. The stock’s 50-day moving average price is $10.59 and its 200 day moving average price is $10.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 1.69 and a beta of 1.02. Norsk Hydro ASA has a 12-month low of $5.92 and a 12-month high of $13.02.

Wall Street Analyst Weigh In

Several research analysts recently commented on NHYDY shares. Zacks Research cut Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd. UBS Group lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group raised shares of Norsk Hydro ASA from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Norsk Hydro ASA presently has a consensus rating of “Hold”.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.