Electrolux (OTCMKTS:ELUXY) Announces Earnings Results

Electrolux (OTCMKTS:ELUXY) posted its quarterly earnings results on Wednesday. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21, Zacks reports. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%.

Electrolux Stock Up 21.0%

Shares of Electrolux stock opened at $6.26 on Thursday. Electrolux has a twelve month low of $4.63 and a twelve month high of $19.83. The stock has a market cap of $886.61 million, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19. The company has a fifty day moving average price of $8.99 and a 200 day moving average price of $12.35.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ELUXY. Zacks Research upgraded 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 research report on Monday, April 20th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average 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.