Electrolux (OTCMKTS:ELUXY) Releases Earnings Results, Beats Expectations By $0.20 EPS

Electrolux (OTCMKTS:ELUXY) issued its quarterly earnings data on Wednesday. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.20, Zacks reports. Electrolux had a net margin of 0.27% and a return on equity of 4.03%.

Electrolux Stock Up 21.0%

Shares of OTCMKTS ELUXY traded up $1.08 during mid-day trading on Wednesday, reaching $6.26. The company had a trading volume of 7,504 shares, compared to its average volume of 9,662. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The company has a market capitalization of $886.04 million, a price-to-earnings ratio of 24.08, a PEG ratio of 0.75 and a beta of 1.15. The stock has a fifty day moving average of $9.08 and a two-hundred day moving average of $12.40. Electrolux has a 12-month low of $4.63 and a 12-month high of $19.83.

Analyst Ratings Changes

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