Basf (OTCMKTS:BASFY) Announces Quarterly Earnings Results

Basf (OTCMKTS:BASFY) issued its earnings results on Friday. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05, Zacks reports. Basf had a net margin of 0.78% and a return on equity of 6.63%.

Basf Stock Up 0.6 %

Shares of OTCMKTS:BASFY opened at $12.66 on Friday. The firm has a fifty day moving average of $11.81 and a 200 day moving average of $11.98. Basf has a 52-week low of $10.57 and a 52-week high of $14.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.87. The firm has a market capitalization of $45.20 billion, a PE ratio of 79.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.19.

Wall Street Analysts Forecast Growth

BASFY has been the topic of several research analyst reports. Jefferies Financial Group raised Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group upgraded Basf from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Finally, Berenberg Bank downgraded shares of Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.