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

Orkla Asa (OTCMKTS:ORKLY) posted its quarterly earnings data on Friday. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02, Zacks reports. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. Orkla Asa had a net margin of 15.14% and a return on equity of 13.07%.

Orkla Asa Stock Up 4.9%

Orkla Asa stock traded up $0.49 during mid-day trading on Friday, hitting $10.63. The company had a trading volume of 49,873 shares, compared to its average volume of 45,577. Orkla Asa has a 12 month low of $8.53 and a 12 month high of $12.10. The company has a current ratio of 1.21, a quick ratio of 0.62 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $10.56 and its two-hundred day moving average price is $10.85. The company has a market capitalization of $10.61 billion, a PE ratio of 10.74 and a beta of 0.42.

Orkla Asa Company Profile

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.