Analysts See $0.48 EPS for Akzo Nobel N.V. (ADR) (AKZOY)

September 17, 2017 - By Ellis Scott

 Analysts See $0.48 EPS for Akzo Nobel N.V. (ADR) (AKZOY)

Wall Street await Akzo Nobel N.V. (ADR) (OTCMKTS:AKZOY) to release earnings on October, 18 before the open. Analysts forecast EPS of $0.48, up exactly $0.03 or 6.67 % from 2014’s $0.45 EPS. The expected AKZOY’s profit could reach $368.98M giving the stock 16.15 P/E in the case that $0.48 earnings per share is reported. After posting $0.49 EPS for the previous quarter, Akzo Nobel N.V. (ADR)’s analysts now forecast -2.04 % negative EPS growth. The stock increased 0.68% or $0.21 on September 15, reaching $31. About 236,712 shares traded or 325.73% up from the average. Akzo Nobel N.V. (ADR) (OTCMKTS:AKZOY) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Akzo Nobel N.V. (ADR) (OTCMKTS:AKZOY) Ratings Coverage

Among 3 analysts covering Akzo Nobel N.V. (OTCMKTS:AKZOY), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Akzo Nobel N.V. had 5 analyst reports since July 27, 2015 according to SRatingsIntel. JP Morgan upgraded Akzo Nobel N.V. (ADR) (OTCMKTS:AKZOY) on Friday, January 15 to “Overweight” rating. The stock of Akzo Nobel N.V. (ADR) (OTCMKTS:AKZOY) has “Reduce” rating given on Friday, September 16 by HSBC. On Tuesday, October 13 the stock rating was upgraded by Citigroup to “Buy”. JP Morgan upgraded the shares of AKZOY in report on Monday, January 18 to “Overweight” rating. The company was downgraded on Monday, July 27 by Citigroup.

Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The company has market cap of $23.83 billion. The Company’s divisions include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. It has a 20.57 P/E ratio. The Decorative Paints segment’s business include Decorative Paints Europe, Middle East and Africa; Decorative Paints Asia, and Decorative Paints Latin America.

More notable recent Akzo Nobel N.V. (ADR) (OTCMKTS:AKZOY) news were published by: Fool.com which released: “Does Valspar Buy Mean Sherwin-Williams Sees Slow Growth Ahead?” on March 23, 2016, also Benzinga.com with their article: “6 Deals Are Live In Chemical Sector: Where Do They Stand?” published on June 12, 2017, Seekingalpha.com published: “Akzo Nobel: Slow Growth European Blue Chip” on April 28, 2015. More interesting news about Akzo Nobel N.V. (ADR) (OTCMKTS:AKZOY) were released by: Marketwatch.com and their article: “31.00” published on April 14, 2011 as well as Fool.com‘s news article titled: “Is a Hostile Takeover the Only Path Left for PPG Industries and Akzo Nobel?” with publication date: June 26, 2017.

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