FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12, Zacks reports. The firm had revenue of $513.62 million during the quarter, compared to analysts’ expectations of $566.52 million.
FLSmidth & Co. A/S Stock Up 2.7%
OTCMKTS:FLIDY traded up $0.20 during mid-day trading on Friday, reaching $7.50. The company’s stock had a trading volume of 208 shares, compared to its average volume of 4,487. The stock has a fifty day moving average of $8.01 and a 200-day moving average of $7.92. FLSmidth & Co. A/S has a 1 year low of $6.07 and a 1 year high of $9.20.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on FLIDY. Barclays upgraded FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Zacks Research upgraded FLSmidth & Co. A/S to a “hold” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, FLSmidth & Co. A/S presently has a consensus rating of “Moderate Buy”.
About FLSmidth & Co. A/S
FLSmidth & Co A/S is a Denmark‐based engineering group founded in 1882 by Frederik Læssøe Smidth. The company specializes in the design, manufacture and installation of equipment and services for the global cement and mining industries. Headquartered in Copenhagen, FLSmidth has built a reputation for supplying end‐to‐end solutions that support both greenfield and brownfield projects worldwide.
FLSmidth’s core offerings include crushing, grinding, separation and pyro‐processing equipment, as well as material handling systems and pumps.
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