Basf (BASFY) Expected to Announce Earnings on Thursday

Basf (OTCMKTS:BASFY - Get Free Report) will likely be issuing its quarterly earnings data on Thursday, April 24th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $17.34 billion for the quarter.

Basf (OTCMKTS:BASFY - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. Basf had a net margin of 0.78% and a return on equity of 6.63%. The company had revenue of $16.92 billion during the quarter, compared to the consensus estimate 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 Price Performance

OTCMKTS BASFY traded down $0.15 during trading hours on Tuesday, reaching $11.79. 141,474 shares of the stock traded hands, compared to its average volume of 261,040. The company has a market cap of $42.09 billion, a price-to-earnings ratio of 73.69, a price-to-earnings-growth ratio of 2.30 and a beta of 1.09. The stock has a 50 day simple moving average of $12.86 and a two-hundred day simple moving average of $12.09. 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 1 year low of $10.57 and a 1 year high of $14.76.

Analysts Set New Price Targets

Several analysts have issued reports on BASFY shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Basf in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered shares of Basf from a "neutral" rating to an "underweight" rating in a research note on Thursday, March 27th. Finally, Berenberg Bank lowered shares of Basf from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock 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.