FLSmidth & Co. A/S (OTCMKTS:FLIDY) Posts Earnings Results

FLSmidth & Co. A/S (OTCMKTS:FLIDY) issued its quarterly earnings data on Wednesday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04, Zacks reports. The business had revenue of $613.53 million during the quarter, compared to analysts’ expectations of $542.44 million.

FLSmidth & Co. A/S Stock Performance

FLIDY stock opened at $8.12 on Friday. FLSmidth & Co. A/S has a twelve month low of $6.53 and a twelve month high of $9.20. The firm’s fifty day simple moving average is $7.63 and its two-hundred day simple moving average is $7.96.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.