Brenntag (OTCMKTS:BNTGY) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Brenntag (OTCMKTS:BNTGY) posted its quarterly earnings data on Wednesday. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04, Zacks reports. Brenntag had a return on equity of 5.28% and a net margin of 1.55%.

Brenntag Stock Performance

Shares of OTCMKTS BNTGY traded down $0.36 during midday trading on Wednesday, reaching $14.10. 3,086 shares of the stock were exchanged, compared to its average volume of 44,057. The stock has a market capitalization of $10.18 billion, a P/E ratio of 38.11 and a beta of 0.63. The company has a 50 day simple moving average of $13.17 and a 200 day simple moving average of $13.04. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97.

Analyst Ratings Changes

A number of analysts have commented on BNTGY shares. UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. DZ Bank upgraded Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a research note on Friday, May 15th. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $12.80.

Brenntag Company Profile

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.