FLSmidth & Co. A/S (OTCMKTS:FLIDY) Releases Earnings Results, Meets Expectations

FLSmidth & Co. A/S (OTCMKTS:FLIDY) issued its quarterly earnings results on Wednesday. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports. The firm had revenue of $585.00 million during the quarter, compared to the consensus estimate of $558.74 million.

FLSmidth & Co. A/S Price Performance

Shares of FLIDY stock opened at $8.92 on Thursday. FLSmidth & Co. A/S has a 12 month low of $6.70 and a 12 month high of $9.49. The company’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $8.24.

Analysts Set New Price Targets

Separately, Dnb Carnegie upgraded FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, FLSmidth & Co. A/S currently has an average rating of “Buy”.

About FLSmidth & Co. A/S

FLSmidth & Co. A/S is a Denmark-based engineering and technology company that provides equipment, systems, services and digital solutions for the global mining industry. Its offerings are designed to support the processing of minerals and metals, with applications spanning crushing, grinding, separation, material handling, pyroprocessing, filtration and tailings management. The company supplies individual machines as well as integrated plant solutions and lifecycle services, including maintenance, upgrades, process optimization and automation.