Amplifon (OTCMKTS:AMFPF) Posts Earnings Results, Misses Expectations By $0.09 EPS

Key Points

• Amplifon reported a quarterly earnings per share of $0.25, with a net margin of 5.90% and a return on equity of 13.77%.
• The stock increased by 1.2% following the earnings release, opening at $17.46 with a market capitalization of $3.94 billion.
• Morgan Stanley has restated an "overweight" rating on Amplifon, indicating strong confidence in the company's future performance.

Amplifon (OTCMKTS:AMFPF - Get Free Report) posted its earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09), Zacks reports. The company had revenue of $698.20 million during the quarter, compared to the consensus estimate of $625.73 million. Amplifon had a net margin of 5.20% and a return on equity of 13.49%.

Amplifon Price Performance

Shares of AMFPF remained flat at $17.46 on Tuesday. The company's 50-day moving average is $22.61 and its 200-day moving average is $22.81. Amplifon has a 52 week low of $16.97 and a 52 week high of $29.33. The stock has a market cap of $3.94 billion, a P/E ratio of 28.62 and a beta of 0.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.54 and a current ratio of 0.62.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an "overweight" rating on shares of Amplifon in a report on Wednesday, June 25th.

Amplifon Company Profile

Amplifon S.p.A. engages in the distribution of hearing solutions and the fitting of customized products that help people rediscover various emotions of sound in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company offers Ampli-easy, Ampli-connect, Ampli-energy, and Ampli-mini hearing devices.