Amplifon (OTCMKTS:AMFPF) Posts Quarterly Earnings Results, Meets Estimates

Amplifon (OTCMKTS:AMFPF) issued its earnings results on Thursday. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10, Zacks reports. Amplifon had a net margin of 3.01% and a return on equity of 15.03%. The company had revenue of $651.38 million during the quarter, compared to analysts’ expectations of $650.02 million.

Amplifon Stock Performance

AMFPF remained flat at $11.21 during midday trading on Friday. The company has a fifty day simple moving average of $11.21 and a 200 day simple moving average of $12.10. Amplifon has a 52-week low of $9.46 and a 52-week high of $22.43. The stock has a market cap of $2.47 billion, a PE ratio of 30.30 and a beta of 0.68. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 0.38.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup raised Amplifon to a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley assumed coverage on shares of Amplifon in a report on Wednesday, September 2nd. They set an “overweight” rating on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Amplifon Company Profile

Amplifon S.p.A. is an Italy-based hearing-care company that provides hearing solutions and related services to people with hearing loss. Its business includes the distribution and fitting of hearing aids, hearing assessments, personalized counseling, device maintenance, and after-sales support. The company also offers accessories and technologies designed to improve hearing in different environments.

Founded in Milan in 1950 by Algernon Charles Holland, Amplifon has expanded from an Italian specialist into an international hearing-care retailer.