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

Basf (OTCMKTS:BASFY) announced its earnings results on Friday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating 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 Stock Up 0.6 %

BASFY opened at $12.66 on Friday. The stock’s fifty day simple moving average is $11.81 and its 200 day simple moving average is $11.98. Basf has a 1-year low of $10.57 and a 1-year high of $14.89. The stock has a market cap 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. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BASFY. The Goldman Sachs Group upgraded shares of Basf from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded shares of Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, Berenberg Bank downgraded shares of Basf from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently 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.