Norsk Hydro ASA (OTCMKTS:NHYDY) Releases Quarterly Earnings Results, Meets Expectations

Norsk Hydro ASA (OTCMKTS:NHYDY) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.09 earnings per share for the quarter, hitting 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 firm had revenue of $4.52 billion during the quarter.

Norsk Hydro ASA Price Performance

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

Norsk Hydro ASA Cuts Dividend

The firm 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 is Thursday, May 9th. Norsk Hydro ASA’s dividend payout ratio (DPR) is currently 292.86%.

Norsk Hydro ASA Company Profile

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.