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

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

Anhui Conch Cement Trading Down 1.9 %

Anhui Conch Cement stock traded down $0.27 during mid-day trading on Wednesday, reaching $14.13. 5,153 shares of the company traded hands, compared to its average volume of 17,244. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03. Anhui Conch Cement has a 52-week low of $9.98 and a 52-week high of $17.19. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 14.72 and a beta of 0.39. The firm’s 50 day moving average price is $13.67 and its 200 day moving average price is $13.39.

Wall Street Analyst Weigh In

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.