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

Orkla Asa (OTCMKTS:ORKLY) issued its quarterly earnings results on Friday. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02, Zacks reports. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. Orkla Asa had a return on equity of 13.98% and a net margin of 9.63%.

Orkla Asa Trading Down 0.3%

ORKLY stock traded down $0.03 during mid-day trading on Friday, reaching $10.83. 49,036 shares of the stock traded hands, compared to its average volume of 122,753. Orkla Asa has a one year low of $9.40 and a one year high of $13.90. The stock has a market capitalization of $10.67 billion, a PE ratio of 15.25 and a beta of 0.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 1.12. The business has a 50-day moving average price of $10.03 and a two-hundred day moving average price of $11.32.

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.