Orkla Asa (OTCMKTS:ORKLY) Announces Earnings Results, Beats Estimates By $0.02 EPS

by · The Markets Daily

Orkla Asa (OTCMKTS:ORKLY – Get Free Report) announced its earnings results on Friday. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02, Zacks reports. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Orkla Asa had a return on equity of 13.98% and a net margin of 9.63%.

Orkla Asa Stock Performance

Shares of ORKLY opened at $10.83 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $10.03 and a two-hundred day simple moving average of $11.32. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 14.63 and a beta of 0.33. Orkla Asa has a 52 week low of $9.40 and a 52 week high of $13.90.

About Orkla Asa

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Orkla ASA is a Norwegian industrial investment company focused primarily on branded consumer goods. Its portfolio includes businesses offering food, confectionery and snacks, health and personal care products, and ingredients for food producers.

The company’s brands and products serve consumers and business customers through grocery, foodservice and specialty retail channels. Orkla has a strong presence in the Nordic and Baltic countries, with operations and sales in other European markets and selected markets elsewhere.

Orkla traces its roots to mining activity in Norway and has since evolved into a diversified group centered on consumer brands.

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