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

Anhui Conch Cement (OTCMKTS:AHCHY) issued its earnings results on Monday. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $47.10 billion.

Anhui Conch Cement Price Performance

Shares of Anhui Conch Cement stock traded up $0.45 on Wednesday, hitting $14.58. The company’s stock had a trading volume of 3,291 shares, compared to its average volume of 16,997. 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 firm has a fifty day moving average price of $13.67 and a 200-day moving average price of $13.39. Anhui Conch Cement has a 52-week low of $9.98 and a 52-week high of $17.19. The company has a market capitalization of $15.45 billion, a P/E ratio of 15.18 and a beta of 0.39.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Anhui Conch Cement from a “strong sell” rating to a “hold” rating in a 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.