Basf (OTCMKTS:BASFY - Get Free Report) announced its quarterly earnings results on Friday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05, Zacks reports. 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.
Basf Price Performance
BASFY stock traded up $0.04 during trading on Tuesday, hitting $13.03. The company had a trading volume of 430,608 shares, compared to its average volume of 244,083. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $11.89 and a 200 day moving average of $12.01. Basf has a fifty-two week low of $10.57 and a fifty-two week high of $14.89. The firm has a market capitalization of $46.52 billion, a price-to-earnings ratio of 81.44, a P/E/G ratio of 2.30 and a beta of 1.19.
Analysts Set New Price Targets
BASFY has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of Basf from a "neutral" rating to a "buy" rating in a report on Monday, November 11th. Berenberg Bank downgraded shares of Basf from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group raised shares of Basf from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
View Our Latest Stock Report on Basf
Basf Company Profile
(
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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.
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