Electrolux (OTCMKTS:ELUXY) Releases Quarterly Earnings Results, Misses Estimates By $0.62 EPS

by · The Markets Daily

Electrolux (OTCMKTS:ELUXY – Get Free Report) issued its earnings results on Friday. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62), Zacks reports. Electrolux had a return on equity of 6.58% and a net margin of 0.43%.The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.79 billion.

Electrolux Trading Up 12.2%

OTCMKTS ELUXY traded up $1.75 during trading on Friday, hitting $16.06. 8,448 shares of the company’s stock traded hands, compared to its average volume of 1,339. The stock has a fifty day moving average of $13.60 and a two-hundred day moving average of $12.59. Electrolux has a 12-month low of $10.80 and a 12-month high of $18.62. The firm has a market cap of $2.27 billion, a P/E ratio of 39.17 and a beta of 1.13. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.01 and a quick ratio of 0.64.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on Electrolux in a research report on Tuesday, October 14th. They set a “hold” rating for the company. Citigroup restated a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Electrolux presently has a consensus rating of “Reduce”.

Check Out Our Latest Research Report on Electrolux

About Electrolux

(Get Free Report)

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.

Featured Stories