Akzo Nobel (OTCMKTS:AKZOY) Posts Quarterly Earnings Results

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

Akzo Nobel Price Performance

AKZOY opened at $21.90 on Friday. Akzo Nobel has a 12-month low of $21.47 and a 12-month high of $29.03. The business’s fifty day simple moving average is $24.07 and its 200-day simple moving average is $24.70. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.73 and a beta of 1.27. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

Akzo Nobel Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a $0.4498 dividend. The ex-dividend date is Monday, April 29th. This is an increase from Akzo Nobel’s previous dividend of $0.11. Akzo Nobel’s dividend payout ratio is 24.47%.

Analyst Ratings Changes

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

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.