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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) announced its earnings results on Wednesday. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports.

FLSmidth & Co. A/S Price Performance

Shares of FLSmidth & Co. A/S stock traded up $0.65 during trading on Wednesday, hitting $8.92. 128 shares of the stock traded hands, compared to its average volume of 2,409. FLSmidth & Co. A/S has a 52 week low of $6.70 and a 52 week high of $9.49. The firm’s fifty day moving average is $8.80 and its 200-day moving average is $8.24.

Wall Street Analysts Forecast Growth

Separately, Dnb Carnegie raised shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, FLSmidth & Co. A/S has a consensus rating of “Buy”.

FLSmidth & Co. A/S Company Profile

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.