Akzo Nobel (AKZOY) Expected to Announce Earnings on Tuesday

Akzo Nobel (OTCMKTS:AKZOY) is expected to post its quarterly earnings results on Tuesday, April 22nd. Analysts expect Akzo Nobel to post earnings of $0.30 per share and revenue of $2.64 billion for the quarter.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. On average, analysts expect Akzo Nobel to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Akzo Nobel Stock Performance

Akzo Nobel stock opened at $19.40 on Tuesday. The business has a 50 day moving average of $20.64 and a 200-day moving average of $20.68. The company has a market capitalization of $9.95 billion, a P/E ratio of 20.21, a P/E/G ratio of 0.67 and a beta of 1.13. Akzo Nobel has a 1 year low of $18.07 and a 1 year high of $24.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.23 and a quick ratio of 0.87.

Akzo Nobel Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.5384 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Akzo Nobel’s previous dividend of $0.16. Akzo Nobel’s payout ratio is 90.63%.

Analysts Set New Price Targets

AKZOY has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of Akzo Nobel from a “sell” rating to a “buy” rating in a research report on Thursday, March 6th. Barclays reissued an “overweight” rating on shares of Akzo Nobel in a research note on Monday, February 3rd.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.