Electrolux (OTCMKTS:ELUXY) Releases Earnings Results, Beats Expectations By $0.20 EPS

Electrolux (OTCMKTS:ELUXY) released its quarterly earnings results on Wednesday. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.03 by $0.20, Zacks reports. Electrolux had a return on equity of 4.03% and a net margin of 0.27%.

Electrolux Stock Performance

Shares of ELUXY traded up $1.08 during mid-day trading on Wednesday, reaching $6.26. 7,504 shares of the company’s stock traded hands, compared to its average volume of 9,662. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The business’s 50-day moving average price is $9.08 and its 200-day moving average price is $12.40. The stock has a market capitalization of $886.04 million, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.15. Electrolux has a 12 month low of $4.63 and a 12 month high of $19.83.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Electrolux currently has a consensus rating of “Hold”.

Electrolux Company Profile

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.