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

Anhui Conch Cement (OTCMKTS:AHCHY) released its earnings results on Monday. The company reported $0.38 earnings per share 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 firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $47.10 billion.

Anhui Conch Cement Stock Performance

Shares of Anhui Conch Cement stock traded up $0.45 during trading on Wednesday, reaching $14.58. The company’s stock had a trading volume of 3,291 shares, compared to its average volume of 16,997. The firm has a market cap of $15.45 billion, a PE ratio of 15.18 and a beta of 0.39. The company has a 50-day moving average price of $13.67 and a two-hundred day moving average price of $13.39. 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 fifty-two week low of $9.98 and a fifty-two week high of $17.19.

Wall Street Analyst Weigh In

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.