Akzo Nobel (AKZOY) Expected to Announce Earnings on Tuesday

Akzo Nobel (OTCMKTS:AKZOY) is anticipated to release its earnings data on Tuesday, April 22nd. Analysts expect Akzo Nobel to post earnings of $0.30 per share and revenue of $2.64 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.06). Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. On average, analysts expect Akzo Nobel to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Akzo Nobel Price Performance

Shares of AKZOY opened at $19.50 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $20.63 and its 200 day simple moving average is $20.59. Akzo Nobel has a 1-year low of $18.07 and a 1-year high of $24.12. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 0.67 and a beta of 1.13.

Akzo Nobel Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.5384 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Akzo Nobel’s previous dividend of $0.16. Akzo Nobel’s payout ratio is currently 90.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays reissued an “overweight” rating on shares of Akzo Nobel in a report on Monday, February 3rd. The Goldman Sachs Group raised shares of Akzo Nobel from a “sell” rating to a “buy” rating in a research report on Thursday, March 6th.

About Akzo Nobel

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.