Electrolux (OTCMKTS:ELUXY – Get Free Report) announced its quarterly earnings data 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. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.79 billion. Electrolux had a net margin of 0.43% and a return on equity of 6.58%.
Electrolux Trading Up 12.2%
OTCMKTS:ELUXY traded up $1.75 on Friday, hitting $16.06. 8,448 shares of the stock were exchanged, compared to its average volume of 1,339. The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.64 and a current ratio of 1.01. Electrolux has a 52 week low of $10.80 and a 52 week high of $18.62. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 39.17 and a beta of 1.13. The company’s 50-day moving average price is $13.60 and its 200 day moving average price is $12.59.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Electrolux in a research note on Tuesday, October 14th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.
About Electrolux
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.
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