Basf (BASFY) Projected to Post Quarterly Earnings on Wednesday

by · The Markets Daily

Basf (OTCMKTS:BASFY – Get Free Report) is expected to be announcing its results before the market opens on Wednesday, October 28th. Analysts expect Basf to announce earnings of $0.12 per share and revenue of $18.03 billion for the quarter.

Basf (OTCMKTS:BASFY – Get Free Report) last released its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. Basf had a return on equity of 5.66% and a net margin of 9.40%. The company had revenue of $19.99 billion for the quarter, compared to analysts’ expectations of $18.85 billion. On average, analysts expect Basf to post $0.82 EPS for the current fiscal year and $0.71 EPS for the next fiscal year.

Basf Stock Performance

Shares of BASFY stock opened at $14.72 on Monday. The business’s fifty day moving average price is $14.87 and its 200 day moving average price is $14.73. Basf has a 1-year low of $11.93 and a 1-year high of $16.25. The firm has a market capitalization of $52.55 billion, a PE ratio of 7.59, a P/E/G ratio of 1.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.19.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “buy” rating on shares of Basf in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Basf has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on BASFY

Basf Company Profile

(Get Free Report)

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen, Germany. Founded in 1865, the company develops, manufactures and markets a broad range of chemicals, materials and solutions for industrial, agricultural and consumer applications. Its products are used in areas including transportation, construction, electronics, packaging, food and personal care.

BASF’s business includes chemicals and intermediates, performance materials, coatings, catalysts, battery materials, agricultural products, nutrition and care ingredients, and industrial solutions.

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