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

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

FLSmidth & Co. A/S Price Performance

Shares of OTCMKTS FLIDY remained flat at $7.30 during trading on Wednesday. The stock had a trading volume of 1 shares, compared to its average volume of 4,682. FLSmidth & Co. A/S has a fifty-two week low of $6.07 and a fifty-two week high of $9.20. The company’s 50-day moving average is $8.08 and its two-hundred day moving average is $7.92.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of FLSmidth & Co. A/S to a “hold” rating in a research note on Friday, April 17th. Barclays raised shares of FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. 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, the stock currently 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.