Basf (BASFY) to Release Earnings on Friday

Basf (OTCMKTS:BASFY - Get Free Report) is expected to be announcing its Q4 2024 earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $15.72 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Basf (OTCMKTS:BASFY - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. Basf had a net margin of 0.78% and a return on equity of 6.63%. The firm had revenue of $16.92 billion for the quarter, compared to analysts' expectations of $15.72 billion. On average, analysts expect Basf to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Basf Stock Up 0.6 %

OTCMKTS:BASFY traded up $0.08 on Friday, hitting $12.66. 143,488 shares of the company's stock were exchanged, compared to its average volume of 241,030. The firm has a 50-day moving average price of $11.81 and a 200-day moving average price of $11.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. Basf has a 52 week low of $10.57 and a 52 week high of $14.89. The company has a market cap of $45.20 billion, a P/E ratio of 79.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.19.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BASFY shares. The Goldman Sachs Group raised shares of Basf from a "neutral" rating to a "buy" rating in a research 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 lowered shares of Basf from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Basf presently has a consensus 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.