Andritz (OTCMKTS:ADRZY) Issues Earnings Results, Beats Expectations By $0.01 EPS

Andritz (OTCMKTS:ADRZY) issued its quarterly earnings data on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01, Zacks reports. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. Andritz had a net margin of 5.77% and a return on equity of 19.74%.

Andritz Stock Up 8.1%

Shares of OTCMKTS:ADRZY opened at $19.29 on Friday. The business has a 50-day moving average price of $19.17 and a 200 day moving average price of $17.72. Andritz has a 12-month low of $13.59 and a 12-month high of $20.45. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 17.22 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Andritz from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Andritz Company Profile

Andritz AG is an Austria-based international technology and engineering group that develops, manufactures and services equipment, systems and technologies for industrial production and energy generation. The company serves customers throughout the life cycle of its products, including project development, engineering, installation, automation, maintenance and aftermarket services.

Its main business areas include pulp and paper production, metals processing, hydropower, and separation and environmental technologies.