Norsk Hydro ASA (OTCMKTS:NHYDY) Announces Quarterly Earnings Results, Meets Estimates

Norsk Hydro ASA (OTCMKTS:NHYDY) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09, Yahoo Finance reports. Norsk Hydro ASA had a return on equity of 6.23% and a net margin of 1.67%. The company had revenue of $4.52 billion during the quarter.

Norsk Hydro ASA Stock Up 0.6 %

Shares of OTCMKTS:NHYDY opened at $6.26 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.82 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $5.75 and a two-hundred day moving average of $5.84. The stock has a market cap of $12.76 billion, a P/E ratio of 44.71, a PEG ratio of 0.98 and a beta of 1.60. Norsk Hydro ASA has a 52-week low of $5.08 and a 52-week high of $7.72.

Norsk Hydro ASA Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be issued a $0.2354 dividend. The ex-dividend date of this dividend is Thursday, May 9th. Norsk Hydro ASA’s payout ratio is currently 292.86%.

About Norsk Hydro ASA

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.