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

Anhui Conch Cement (OTCMKTS:AHCHY) posted its quarterly earnings data 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. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $47.10 billion. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%.

Anhui Conch Cement Price Performance

Shares of AHCHY traded up $0.45 during midday trading on Wednesday, reaching $14.58. The stock had a trading volume of 3,291 shares, compared to its average volume of 16,997. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03. The company has a market capitalization of $15.45 billion, a P/E ratio of 15.18 and a beta of 0.39. The firm’s 50 day moving average price is $13.67 and its 200-day moving average price is $13.39. Anhui Conch Cement has a 52 week low of $9.98 and a 52 week high of $17.19.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Anhui Conch Cement from a “strong sell” rating to a “hold” rating in a research note 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.