Basf (OTCMKTS:BASFY) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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

Basf Trading Down 2.5 %

OTCMKTS BASFY traded down $0.32 during trading on Friday, hitting $12.58. The company had a trading volume of 73,277 shares, compared to its average volume of 243,599. The company’s fifty day moving average is $11.78 and its 200-day moving average is $11.97. The company has a market cap of $44.91 billion, a price-to-earnings ratio of 78.63, a price-to-earnings-growth ratio of 2.30 and a beta of 1.19. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. Basf has a one year low of $10.57 and a one year high of $14.89.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Berenberg Bank cut shares of Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Basf from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Basf Company Profile

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.