Norsk Hydro ASA (OTCMKTS:NHYDY) Issues Earnings Results, Meets Estimates

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09, Yahoo Finance reports. The firm had revenue of $4.52 billion during the quarter. Norsk Hydro ASA had a return on equity of 7.63% and a net margin of 1.84%.

Norsk Hydro ASA Trading Down 0.8 %

OTCMKTS:NHYDY traded down $0.05 during mid-day trading on Thursday, reaching $6.22. The company’s stock had a trading volume of 127,951 shares, compared to its average volume of 231,556. The company’s fifty day simple moving average is $5.74 and its two-hundred day simple moving average is $5.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.82 and a quick ratio of 1.24. Norsk Hydro ASA has a twelve month low of $5.08 and a twelve month high of $7.72. The stock has a market cap of $12.68 billion, a P/E ratio of 38.88, a P/E/G ratio of 0.92 and a beta of 1.60.

Norsk Hydro ASA Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be paid a dividend of $0.2354 per share. The ex-dividend date of this dividend is Thursday, May 9th. Norsk Hydro ASA’s payout ratio is currently 256.27%.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.