Braskem (NYSE:BAK) Announces Earnings Results, Misses Estimates By $0.01 EPS

Braskem (NYSE:BAK - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.01), Zacks reports. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.52 billion. Braskem had a negative net margin of 9.88% and a negative return on equity of 439.59%.

Braskem Stock Performance

Shares of Braskem stock traded down $0.18 during trading on Monday, hitting $3.51. The company's stock had a trading volume of 1,046,990 shares, compared to its average volume of 866,070. Braskem has a 52 week low of $3.50 and a 52 week high of $10.98. The company has a market capitalization of $1.40 billion, a PE ratio of -0.99 and a beta of 2.03. The company has a fifty day simple moving average of $4.28 and a two-hundred day simple moving average of $5.41.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of Braskem from a "sector outperform" rating to a "sector perform" rating in a report on Monday.

About Braskem

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.