Anhui Conch Cement (OTCMKTS:AHCHY) Releases Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Anhui Conch Cement (OTCMKTS:AHCHY) announced its earnings results on Monday. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16), Zacks reports. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $47.10 billion.

Anhui Conch Cement Trading Up 3.1 %

Shares of AHCHY stock traded up $0.45 during trading hours on Wednesday, reaching $14.58. 3,291 shares of the stock were exchanged, compared to its average volume of 16,997. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. Anhui Conch Cement has a 12-month low of $9.98 and a 12-month high of $17.19. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 15.18 and a beta of 0.39. The company’s 50-day moving average price is $13.67 and its 200-day moving average price is $13.39.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Anhui Conch Cement from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.