Norsk Hydro ASA (OTCMKTS:NHYDY) Issues Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01, Zacks reports. Norsk Hydro ASA had a return on equity of 10.52% and a net margin of 3.11%.

Norsk Hydro ASA Stock Up 2.3%

Shares of OTCMKTS:NHYDY opened at $8.81 on Wednesday. The stock’s fifty day simple moving average is $10.54 and its 200-day simple moving average 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 company has a market capitalization of $17.43 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.62 and a beta of 1.02. Norsk Hydro ASA has a 52-week low of $5.92 and a 52-week high of $13.02.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NHYDY shares. Zacks Research cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Danske lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. UBS Group lowered shares of Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, April 9th. Citigroup reiterated a “neutral” rating on shares of Norsk Hydro ASA in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group raised 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 given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Norsk Hydro ASA Company Profile

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.