COVESTRO AG/S (OTCMKTS:COVTY) to Post Q1 2020 Earnings of ($0.01) Per Share, Jefferies Financial Group Forecasts

COVESTRO AG/S (OTCMKTS:COVTY) – Equities research analysts at Jefferies Financial Group cut their Q1 2020 earnings per share (EPS) estimates for COVESTRO AG/S in a note issued to investors on Wednesday, February 19th. Jefferies Financial Group analyst L. Alexander now anticipates that the company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.06. Jefferies Financial Group also issued estimates for COVESTRO AG/S’s FY2020 earnings at $0.49 EPS and FY2021 earnings at $1.27 EPS.

Other equities research analysts have also recently issued reports about the stock. Citigroup upgraded shares of COVESTRO AG/S from a “sell” rating to a “buy” rating in a report on Friday, February 7th. ValuEngine lowered shares of COVESTRO AG/S from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Berenberg Bank lowered shares of COVESTRO AG/S from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Societe Generale raised shares of COVESTRO AG/S from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, HSBC lowered shares of COVESTRO AG/S from a “hold” rating to a “reduce” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold”.

COVESTRO AG/S stock opened at $21.60 on Monday. The stock has a market cap of $8.14 billion, a P/E ratio of 7.30 and a beta of 1.73. COVESTRO AG/S has a 12 month low of $20.65 and a 12 month high of $31.43. The company’s fifty day simple moving average is $21.91 and its 200-day simple moving average is $23.30. The company has a quick ratio of 1.19, a current ratio of 2.02 and a debt-to-equity ratio of 0.33.

COVESTRO AG/S Company Profile

Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.

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Earnings History and Estimates for COVESTRO AG/S (OTCMKTS:COVTY)

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