Epiroc AB (publ) (OTCMKTS:EPOKY) Issues Earnings Results, Meets Expectations

Epiroc AB (publ) (OTCMKTS:EPOKY) released its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18, Zacks reports. Epiroc AB (publ) had a net margin of 13.94% and a return on equity of 22.16%.

Epiroc AB (publ) Price Performance

Shares of OTCMKTS:EPOKY traded down $0.24 during midday trading on Thursday, reaching $19.51. 236,717 shares of the company’s stock traded hands, compared to its average volume of 270,683. Epiroc AB has a 1 year low of $16.82 and a 1 year high of $21.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.12 and a current ratio of 2.06. The company has a market cap of $23.55 billion, a P/E ratio of 28.69, a PEG ratio of 8.20 and a beta of 1.51. The company has a fifty day simple moving average of $18.09 and a two-hundred day simple moving average of $18.82.

Analysts Set New Price Targets

Separately, Barclays raised shares of Epiroc AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, December 4th.

About Epiroc AB (publ)

Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in North America, Europe, South America, Europe, Africa, the Middle East, Asia, and Australia. It operates in two segments, Equipment & Service, and Tools & Attachments.