Arkema (ARKAY) Projected to Release Earnings on Friday

Arkema (OTCMKTS:ARKAY) will likely be issuing its results before the market opens on Friday, November 6th. Analysts expect the company to announce earnings of $1.49 per share and revenue of $2.62 billion for the quarter.

Arkema Trading Up 2.7%

Shares of ARKAY stock opened at $64.70 on Thursday. The stock’s fifty day moving average price is $64.34 and its two-hundred day moving average price is $66.89. The company has a market cap of $4.92 billion, a PE ratio of 13.47 and a beta of 0.87. Arkema has a fifty-two week low of $56.28 and a fifty-two week high of $79.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.52.

Analyst Ratings Changes

Separately, Barclays upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Arkema currently has an average rating of “Reduce”.

Arkema Company Profile

Arkema is a France-based global specialty materials company that develops and manufactures products used in a wide range of industrial and consumer applications. Its portfolio includes specialty adhesives, high-performance polymers, acrylic materials, coating resins, additives and other chemical solutions designed to improve durability, performance and sustainability.

The company operates through businesses focused on Adhesive Solutions, Advanced Materials and Coating Solutions. Its products serve markets such as construction, automotive, electronics, packaging, renewable energy, consumer goods and industrial manufacturing.