Basf (OTCMKTS:BASFY) Posts Earnings Results, Beats Expectations By $0.05 EPS

Basf (OTCMKTS:BASFY) posted its quarterly earnings data on Friday. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05, Zacks reports. Basf had a net margin of 0.78% and a return on equity of 6.63%.

Basf Stock Down 2.5 %

BASFY traded down $0.32 on Friday, hitting $12.58. 73,277 shares of the company were exchanged, compared to its average volume of 243,599. The firm has a 50-day moving average price of $11.78 and a two-hundred day moving average price of $11.97. 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 company has a market cap of $44.91 billion, a price-to-earnings ratio of 78.63, a price-to-earnings-growth ratio of 2.30 and a beta of 1.19. Basf has a twelve month low of $10.57 and a twelve month high of $14.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Berenberg Bank downgraded Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. 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 stock. Based on data from MarketBeat, Basf has a consensus rating of “Hold”.

About Basf

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.