The Zacks: Brokerages Expect Platform Specialty Products Corp (PAH) Will Announce Quarterly Sales of $954.75 Million

The Zacks: Brokerages Expect Platform Specialty Products Corp (PAH) Will Announce Quarterly Sales of $954.75 Million

According to Zacks, analysts expect that Platform Specialty Products Corp will report full-year sales of $954.75 million for the current fiscal year, with estimates ranging from $3.63 billion to $3.73 billion. For the next year, analysts anticipate that the company will post sales of $3.84 billion per share, with estimates ranging from $3.77 billion to $3.89 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Platform Specialty Products Corp.

Analysts expect that Platform Specialty Products Corp (NYSE:PAH) will announce $954.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Platform Specialty Products Corp’s earnings. The highest sales estimate is $962.5 million and the lowest is $947 million. Platform Specialty Products Corp reported sales of $922 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is expected to report its next earnings results on Monday, August 14th.

Platform Specialty Products Corp (NYSE:PAH) last posted its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $861.80 million during the quarter, compared to analyst estimates of $835.22 million. Platform Specialty Products Corp had a negative net margin of 5.98% and a negative return on equity of 0.53%. Platform Specialty Products Corp’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. A number of equities analysts have recently commented on the stock. HC Wainwright assumed coverage on shares of Platform Specialty Products Corp in a report on Saturday, January 21st. They issued a “buy” rating and a $5.00 target price on the stock. Morgan Stanley assumed coverage on shares of Platform Specialty Products Corp in a report on Sunday, January 29th. They issued an “equal weight” rating and a $12.00 target price on the stock. Goldman Sachs Group Inc assumed coverage on shares of Platform Specialty Products Corp in a report on Monday, February 6th. They issued a “buy” rating and a $15.00 target price on the stock. Instinet lifted their target price on shares of Platform Specialty Products Corp from $11.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Finally, Roth Capital set a $15.00 target price on shares of Platform Specialty Products Corp and gave the company a “buy” rating in a report on Tuesday, February 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Platform Specialty Products Corp currently has a consensus rating of “Buy” and an average price target of $12.70.

Platform Specialty Products Corp (NYSE:PAH) traded down 0.66% on Wednesday, hitting $13.57. 2,031,799 shares of the company traded hands. Platform Specialty Products Corp has a 12 month low of $6.85 and a 12 month high of $14.37. The stock’s 50-day moving average is $13.38 and its 200 day moving average is $11.50. The firm’s market capitalization is $3.88 billion. Several large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL raised its stake in shares of Platform Specialty Products Corp by 101.6% in the first quarter. Tudor Investment Corp ET AL now owns 696,230 shares of the specialty chemicals company’s stock valued at $9,065,000 after buying an additional 350,888 shares during the last quarter. Barings LLC raised its stake in shares of Platform Specialty Products Corp by 157.4% in the first quarter. Barings LLC now owns 123,300 shares of the specialty chemicals company’s stock valued at $1,605,000 after buying an additional 75,400 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Platform Specialty Products Corp during the first quarter valued at approximately $470,000. Scopus Asset Management L.P. bought a new stake in shares of Platform Specialty Products Corp during the first quarter valued at approximately $2,604,000. Finally, Gotham Asset Management LLC bought a new stake in shares of Platform Specialty Products Corp during the first quarter valued at approximately $239,000. Institutional investors own 91.27% of the company’s stock.

Get a free copy of the Zacks research report on Platform Specialty Products Corp (PAH) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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