Orkla Asa (ORKLY) Projected to Announce Quarterly Earnings on Thursday

Orkla Asa (OTCMKTS:ORKLY) is anticipated to post its results before the market opens on Thursday, August 20th. Analysts expect the company to announce earnings of $0.1673 per share and revenue of $1.8580 billion for the quarter.

Orkla Asa (OTCMKTS:ORKLY) last posted its earnings results on Wednesday, May 20th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Orkla Asa had a net margin of 15.69% and a return on equity of 13.83%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion.

Orkla Asa Trading Up 0.4%

ORKLY opened at $10.94 on Wednesday. Orkla Asa has a 12 month low of $9.91 and a 12 month high of $13.90. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 9.68 and a beta of 0.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The business has a fifty day moving average price of $10.83 and a 200 day moving average price of $11.83.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Orkla Asa presently has a consensus rating of “Reduce”.

Orkla Asa Company Profile

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.