Norsk Hydro ASA (OTCMKTS:NHYDY) Releases Earnings Results

Norsk Hydro ASA (OTCMKTS:NHYDY) issued its 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 net margin of 1.67% and a return on equity of 6.23%. The company had revenue of $4.52 billion during the quarter.

Norsk Hydro ASA Stock Up 0.6 %

Norsk Hydro ASA stock traded up $0.04 during midday trading on Friday, hitting $6.26. 59,169 shares of the company’s stock were exchanged, compared to its average volume of 227,887. The company has a market cap of $12.76 billion, a PE ratio of 44.71, a P/E/G ratio of 0.98 and a beta of 1.60. Norsk Hydro ASA has a 12 month low of $5.08 and a 12 month 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 firm has a 50-day moving average of $5.75 and a two-hundred day moving average of $5.84.

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 paid a $0.2354 dividend. The ex-dividend date of this dividend is Thursday, May 9th. Norsk Hydro ASA’s payout ratio is 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.