Andritz (OTCMKTS:ADRZY) Issues Earnings Results

Andritz (OTCMKTS:ADRZY) posted its quarterly earnings data on Thursday. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01), Zacks reports. Andritz had a net margin of 5.81% and a return on equity of 20.04%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.23 billion.

Andritz Trading Up 17.9%

Shares of OTCMKTS:ADRZY traded up $3.08 during midday trading on Friday, hitting $20.33. The company had a trading volume of 1,103 shares, compared to its average volume of 2,187. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. Andritz has a 12 month low of $13.59 and a 12 month high of $20.33. The firm has a fifty day simple moving average of $17.69 and a 200 day simple moving average of $17.06. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 18.48 and a beta of 1.15.

Analysts Set New Price Targets

Several research analysts recently weighed in on ADRZY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Andritz in a research report on Thursday, May 14th. Zacks Research raised Andritz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Andritz presently has an average rating of “Moderate Buy”.

About Andritz

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.