Electrolux (OTCMKTS:ELUXY) Releases Earnings Results, Beats Expectations By $0.21 EPS

Electrolux (OTCMKTS:ELUXY) posted its earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.21, Zacks reports. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Electrolux had a positive return on equity of 8.42% and a negative net margin of 1.14%.

Electrolux Trading Down 4.1%

Shares of OTCMKTS ELUXY opened at $6.01 on Friday. Electrolux has a 1 year low of $4.63 and a 1 year high of $19.83. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The firm has a 50-day moving average of $8.91 and a 200 day moving average of $12.29. The stock has a market cap of $850.65 million, a P/E ratio of -11.13, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15.

Analyst Ratings Changes

Several research firms have recently issued reports on ELUXY. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, Electrolux presently has an average rating of “Hold”.

About Electrolux

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.