Brenntag (OTCMKTS:BNTGY) Announces Quarterly Earnings Results

Brenntag (OTCMKTS:BNTGY) posted its earnings results on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07), Zacks reports. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.70 billion. Brenntag had a net margin of 2.41% and a return on equity of 8.30%.

Brenntag Trading Down 3.5%

Shares of BNTGY stock opened at $13.25 on Thursday. Brenntag has a 12 month low of $10.19 and a 12 month high of $14.97. The stock has a market cap of $9.57 billion, a P/E ratio of 22.46 and a beta of 0.61. The company has a 50 day simple moving average of $13.86 and a two-hundred day simple moving average of $13.34.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BNTGY. DZ Bank raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a report on Friday, August 14th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Brenntag Company Profile

Brenntag is a global distributor of chemicals and ingredients, connecting chemical manufacturers with customers across a broad range of industries. The company supplies both industrial and specialty products and provides services such as blending, mixing, packaging, and product formulation. Its offerings support applications in sectors including manufacturing, food and nutrition, pharmaceuticals, personal care, and water treatment. Brenntag also provides logistics, supply-chain management, and technical support to help customers source and use chemical products.