Amplifon (OTCMKTS:AMFPF) Announces Earnings Results

Amplifon (OTCMKTS:AMFPF) announced its earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10, Zacks reports. Amplifon had a net margin of 3.01% and a return on equity of 15.03%. The business had revenue of $651.38 million during the quarter, compared to the consensus estimate of $650.02 million.

Amplifon Price Performance

OTCMKTS AMFPF remained flat at $11.21 during mid-day trading on Friday. The company has a market capitalization of $2.47 billion, a PE ratio of 30.30 and a beta of 0.68. Amplifon has a one year low of $9.46 and a one year high of $22.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.73 and a quick ratio of 0.68. The business’s 50 day moving average price is $11.21 and its 200-day moving average price is $12.10.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup raised Amplifon to a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley assumed coverage on Amplifon in a research note on Wednesday, September 2nd. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Amplifon Company Profile

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.