Akzo Nobel (OTCMKTS:AKZOY) Posts Quarterly Earnings Results

Akzo Nobel (OTCMKTS:AKZOY) released its quarterly earnings data on Tuesday. The basic materials company reported $0.26 earnings per share for the quarter, reports. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.52%. The firm had revenue of $2.88 billion during the quarter.

Akzo Nobel Trading Down 0.9 %

Shares of AKZOY stock opened at $21.90 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77. The firm has a market cap of $11.22 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.73 and a beta of 1.27. The company has a 50-day moving average of $24.07 and a two-hundred day moving average of $24.70. Akzo Nobel has a 1-year low of $21.47 and a 1-year high of $29.03.

Akzo Nobel Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.4498 per share. This is a positive change from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date of this dividend is Monday, April 29th. Akzo Nobel’s dividend payout ratio is presently 24.47%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Akzo Nobel from a “sell” rating to a “neutral” rating in a research report on Thursday.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.