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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) posted its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12, Zacks reports. The firm had revenue of $513.62 million during the quarter, compared to analysts’ expectations of $566.52 million.

FLSmidth & Co. A/S Stock Performance

Shares of FLIDY remained flat at $7.30 during mid-day trading on Thursday. 1 shares of the stock traded hands, compared to its average volume of 4,682. FLSmidth & Co. A/S has a 1-year low of $6.07 and a 1-year high of $9.20. The company has a fifty day moving average of $8.04 and a 200-day moving average of $7.92.

Wall Street Analyst Weigh In

A number of research firms recently commented on FLIDY. Barclays upgraded FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Zacks Research upgraded FLSmidth & Co. A/S to a “hold” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

FLSmidth & Co. A/S Company Profile

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.