Covestro (COVTY) Projected to Post Earnings on Thursday

Covestro (OTCMKTS:COVTY) will likely be issuing its quarterly earnings data on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.24) per share and revenue of $3.64 billion for the quarter.

Covestro (OTCMKTS:COVTY) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.30). The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.95 billion. On average, analysts expect Covestro to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Covestro Price Performance

Shares of OTCMKTS COVTY opened at $30.35 on Tuesday. The company’s 50 day simple moving average is $29.64 and its 200 day simple moving average is $30.36. Covestro has a fifty-two week low of $24.12 and a fifty-two week high of $32.60. The firm has a market capitalization of $11.47 billion, a P/E ratio of -40.47 and a beta of 1.17.

Covestro Company Profile

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.