Orkla Asa (ORKLY) Expected to Announce Earnings on Wednesday

Orkla Asa (OTCMKTS:ORKLY) is expected to announce its resultson Wednesday, May 20th. Analysts expect the company to announce earnings of $0.1759 per share and revenue of $1.8530 billion for the quarter.

Orkla Asa (OTCMKTS:ORKLY) last announced its earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.85 billion. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.

Orkla Asa Stock Performance

OTCMKTS:ORKLY opened at $12.08 on Wednesday. The stock has a market cap of $12.05 billion, a P/E ratio of 10.88 and a beta of 0.39. The firm’s fifty day simple moving average is $12.57 and its 200 day simple moving average is $11.79. Orkla Asa has a twelve month low of $9.91 and a twelve month high of $13.90. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets cut shares of Orkla Asa from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Orkla Asa

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.