Norsk Hydro ASA (OTCMKTS:NHYDY) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05), Yahoo Finance reports. The business had revenue of $4.88 billion during the quarter. Norsk Hydro ASA had a return on equity of 4.69% and a net margin of 0.11%.

Norsk Hydro ASA Trading Down 0.7 %

OTCMKTS:NHYDY opened at $5.54 on Thursday. Norsk Hydro ASA has a 12 month low of $5.08 and a 12 month high of $6.98. The company’s 50 day moving average is $6.29 and its 200-day moving average is $6.02. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 0.18 and a beta of 1.55. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, June 12th.

Norsk Hydro ASA Company Profile

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.