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

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.16), Zacks reports. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate 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 Stock Performance

Shares of OTCMKTS AHCHY traded down $0.38 during trading on Friday, reaching $14.27. 3,125 shares of the stock traded hands, compared to its average volume of 16,567. 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 stock has a market capitalization of $15.12 billion, a P/E ratio of 14.86 and a beta of 0.39. Anhui Conch Cement has a 52-week low of $9.98 and a 52-week high of $17.19. The company has a 50-day moving average of $13.74 and a 200-day moving average of $13.45.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Anhui Conch Cement from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th.

About Anhui Conch Cement

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.