Orkla Asa (OTCMKTS:ORKLY) Issues Earnings Results, Beats Expectations By $0.02 EPS

Orkla Asa (OTCMKTS:ORKLY) posted its quarterly earnings results on Friday. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02, Zacks reports. Orkla Asa had a net margin of 9.63% and a return on equity of 13.98%.

Orkla Asa Price Performance

Shares of ORKLY stock traded down $0.03 during trading hours on Friday, hitting $10.83. The company had a trading volume of 49,036 shares, compared to its average volume of 88,263. Orkla Asa has a 12 month low of $9.40 and a 12 month high of $13.90. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 15.25 and a beta of 0.33. The firm’s fifty day moving average is $10.02 and its 200 day moving average is $11.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 1.12.

About Orkla Asa

Orkla ASA is a Norwegian investment and industrial group focused primarily on branded consumer goods and related businesses. The company develops, produces and markets food, snacks, confectionery, health and personal-care products, and other everyday consumer products through a portfolio of established brands.

Its product categories include prepared foods, grocery products, baked goods, snacks, sweets, nutritional products, personal care and household items. Orkla also has operations in food ingredients and food services, supplying products and solutions to retailers, food manufacturers and professional customers.

Orkla’s businesses serve consumers and customers mainly in the Nordic and Baltic countries, with selected activities and brands serving additional international markets.