Amplifon (OTCMKTS:AMFPF) Posts Quarterly Earnings Results, Meets Expectations

by · The Markets Daily

Amplifon (OTCMKTS:AMFPF – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10, Zacks reports. Amplifon had a return on equity of 15.03% and a net margin of 3.01%. The company had revenue of $651.38 million during the quarter, compared to the consensus estimate of $650.02 million.

Amplifon Stock Performance

AMFPF remained flat at $11.21 during trading on Friday. Amplifon has a fifty-two week low of $9.46 and a fifty-two week high of $22.43. The firm has a market cap of $2.47 billion, a PE ratio of 30.30 and a beta of 0.68. The firm’s fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $12.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.68 and a current ratio of 0.73.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Amplifon in a research report on Wednesday, September 2nd. They set an “overweight” rating for the company. Citigroup upgraded shares of Amplifon to a “buy” rating in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Analysis on AMFPF

About Amplifon

(Get Free Report)

Amplifon S.p.A. is an Italy-based hearing-care company that provides hearing solutions and related services to people with hearing loss. Its business includes the distribution and fitting of hearing aids, hearing assessments, personalized counseling, device maintenance, and after-sales support. The company also offers accessories and technologies designed to improve hearing in different environments.

Founded in Milan in 1950 by Algernon Charles Holland, Amplifon has expanded from an Italian specialist into an international hearing-care retailer.

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