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

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

Anhui Conch Cement Stock Down 1.9 %

Shares of OTCMKTS:AHCHY traded down $0.27 on Wednesday, hitting $14.13. 5,153 shares of the company traded hands, compared to its average volume of 17,244. The stock has a 50 day simple moving average of $13.67 and a 200-day simple moving average of $13.39. The company has a quick ratio of 3.03, a current ratio of 3.40 and a debt-to-equity ratio of 0.08. The company has a market cap of $14.98 billion, a PE ratio of 14.72 and a beta of 0.39. Anhui Conch Cement has a 52 week low of $9.98 and a 52 week high of $17.19.

Analyst Ratings Changes

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

About Anhui Conch Cement

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.