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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) posted its quarterly earnings data on Wednesday. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports. The company had revenue of $585.00 million for the quarter, compared to analyst estimates of $558.74 million.

FLSmidth & Co. A/S Stock Performance

OTCMKTS FLIDY remained flat at $8.26 on Friday. 113 shares of the company’s stock were exchanged, compared to its average volume of 2,328. FLSmidth & Co. A/S has a 52 week low of $6.70 and a 52 week high of $9.49. The business has a fifty day moving average price of $8.78 and a 200 day moving average price of $8.24.

Analyst Upgrades and Downgrades

Separately, Dnb Carnegie raised FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

FLSmidth & Co. A/S Company Profile

FLSmidth & Co. A/S is a Denmark-based engineering and technology company that provides equipment, systems, services and digital solutions for the global mining industry. Its offerings are designed to support the processing of minerals and metals, with applications spanning crushing, grinding, separation, material handling, pyroprocessing, filtration and tailings management. The company supplies individual machines as well as integrated plant solutions and lifecycle services, including maintenance, upgrades, process optimization and automation.