Electrolux (ELUXY) Expected to Announce Earnings on Friday

Electrolux (OTCMKTS:ELUXY) is expected to be announcing its results before the market opens on Friday, October 23rd. Analysts expect the company to post earnings of $0.1096 per share and revenue of $3.35 billion for the quarter.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.21. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. On average, analysts expect Electrolux to post $0.26 EPS for the current fiscal year and $0.71 EPS for the next fiscal year.

Electrolux Stock Performance

OTCMKTS:ELUXY opened at $5.45 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62. Electrolux has a 12 month low of $4.63 and a 12 month high of $19.83. The company has a market cap of $771.39 million, a PE ratio of -10.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.22. The company has a 50 day simple moving average of $5.55 and a two-hundred day simple moving average of $8.28.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating. According to MarketBeat, Electrolux presently has a consensus rating of “Hold”.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.