Brenntag (OTCMKTS:BNTGY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Brenntag (OTCMKTS:BNTGY) posted its earnings results on Wednesday. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02), Zacks reports. Brenntag had a net margin of 3.36% and a return on equity of 12.24%.

Brenntag Stock Up 1.6 %

Shares of BNTGY opened at $14.26 on Thursday. Brenntag has a 52-week low of $11.09 and a 52-week high of $17.39. The firm’s fifty day moving average is $12.65 and its two-hundred day moving average is $13.13. The stock has a market cap of $10.29 billion, a PE ratio of 17.60 and a beta of 1.08.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup lowered shares of Brenntag from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Barclays raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, January 17th. Finally, UBS Group lowered shares of Brenntag from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th.

Brenntag Company Profile

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.