Arkema (ARKAY) Projected to Post Quarterly Earnings on Thursday

Arkema (OTCMKTS:ARKAY) is anticipated to release its earnings data on Thursday, August 7th. Analysts expect Arkema to post earnings of $2.09 per share for the quarter.

Arkema (OTCMKTS:ARKAY) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.08). Arkema had a return on equity of 7.42% and a net margin of 3.40%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.44 billion. On average, analysts expect Arkema to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Arkema Price Performance

ARKAY opened at $70.72 on Thursday. The company has a fifty day moving average price of $72.57 and a two-hundred day moving average price of $76.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.64 and a current ratio of 2.43. Arkema has a 52 week low of $64.94 and a 52 week high of $98.97. The firm has a market capitalization of $5.38 billion, a PE ratio of 15.79, a P/E/G ratio of 0.48 and a beta of 1.07.

Arkema Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were issued a $3.4274 dividend. This represents a dividend yield of 4.47%. The ex-dividend date of this dividend was Thursday, May 22nd. Arkema’s dividend payout ratio (DPR) is 67.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ARKAY. Jefferies Financial Group lowered shares of Arkema to a “hold” rating in a report on Monday, June 16th. Citigroup reissued a “buy” rating on shares of Arkema in a report on Friday, July 11th. Barclays lowered shares of Arkema from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 8th. Finally, Sanford C. Bernstein began coverage on shares of Arkema in a report on Thursday, April 24th. They issued an “underperform” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Arkema

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.