Wacker Chemie (WKCMF) Projected to Post Quarterly Earnings on Thursday

Wacker Chemie (OTCMKTS:WKCMF) will likely be releasing its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.2360 per share and revenue of $1.7024 billion for the quarter.

Wacker Chemie Stock Performance

Shares of OTCMKTS:WKCMF opened at $106.52 on Thursday. The stock has a fifty day moving average of $110.68 and a 200-day moving average of $100.16. Wacker Chemie has a one year low of $72.60 and a one year high of $122.41.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wacker Chemie in a research report on Thursday, April 9th. UBS Group lowered Wacker Chemie from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 26th. Finally, Citigroup cut Wacker Chemie from a “hold” rating to a “sell” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Wacker Chemie has a consensus rating of “Reduce”.

Wacker Chemie Company Profile

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.