Amada (OTCMKTS:AMDLY) Issues Quarterly Earnings Results

Amada (OTCMKTS:AMDLY) released its quarterly earnings results on Thursday. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.12, Zacks reports. Amada had a return on equity of 6.17% and a net margin of 7.24%. The business had revenue of $814.51 million during the quarter, compared to analysts’ expectations of $772.11 million.

Amada Price Performance

Shares of AMDLY opened at $56.67 on Friday. The business’s 50 day simple moving average is $73.22 and its 200-day simple moving average is $64.53. Amada has a 1 year low of $56.05 and a 1 year high of $74.66. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 20.68 and a beta of 0.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 1.69.

Amada Company Profile

Amada Co., Ltd. is a Japanese manufacturer of metalworking machinery and related systems. Founded in 1946, the company serves manufacturers that process sheet metal and other materials. Its products include laser-cutting, punching, bending, shearing, welding and stamping machines, as well as machine tools and precision-grinding equipment. Amada also supplies automation systems and software designed to support manufacturing workflows, along with related service and support. Amada serves customers in Japan and international markets, with operations spanning regions including the Americas, Europe and Asia.