Electrolux AB (OTCMKTS:ELUXY) Receives Average Rating of “Reduce” from Analysts

Electrolux AB (OTCMKTS:ELUXY) has been given an average recommendation of “Reduce” by the six ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

ELUXY has been the subject of a number of analyst reports. Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. The Goldman Sachs Group raised Electrolux to a “hold” rating in a research note on Friday, March 27th. Citigroup reissued a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Finally, Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th.

Electrolux Stock Up 1.4%

Shares of OTCMKTS ELUXY opened at $10.71 on Friday. Electrolux has a 1 year low of $9.84 and a 1 year high of $19.83. The firm’s 50-day moving average is $12.49 and its 200-day moving average is $13.72. 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 firm has a market capitalization of $1.52 billion, a PE ratio of 41.20 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion. Equities analysts expect that Electrolux will post -0.07 EPS for the current year.

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.