FLSmidth & Co. A/S (OTCMKTS:FLIDY) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

FLSmidth & Co. A/S (OTCMKTS:FLIDY) posted its quarterly earnings data on Wednesday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12, Zacks reports.

FLSmidth & Co. A/S Stock Performance

Shares of OTCMKTS FLIDY remained flat at $7.30 during trading hours on Wednesday. The company had a trading volume of 1 shares, compared to its average volume of 4,682. The stock has a fifty day moving average price of $8.08 and a two-hundred day moving average price of $7.92. FLSmidth & Co. A/S has a twelve month low of $6.07 and a twelve month high of $9.20.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research raised FLSmidth & Co. A/S to a “hold” rating in a research report on Friday, April 17th. Barclays upgraded FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

FLSmidth & Co. A/S Company Profile

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.