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

Orkla Asa (OTCMKTS:ORKLY) posted its earnings results on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02, Zacks reports. Orkla Asa had a return on equity of 13.07% and a net margin of 15.14%.The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion.

Orkla Asa Trading Up 4.9%

OTCMKTS ORKLY traded up $0.49 during trading hours on Friday, reaching $10.63. The company had a trading volume of 49,873 shares, compared to its average volume of 45,577. Orkla Asa has a 1-year low of $8.53 and a 1-year high of $12.10. The stock has a market capitalization of $10.61 billion, a P/E ratio of 10.74 and a beta of 0.42. The stock has a 50-day moving average of $10.56 and a 200 day moving average of $10.85. The company has a current ratio of 1.21, a quick ratio of 0.62 and a debt-to-equity ratio of 0.34.

About Orkla Asa

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.