Orkla Asa (OTCMKTS:ORKLY) Releases Quarterly Earnings Results, Hits Expectations

Orkla Asa (OTCMKTS:ORKLY) released its quarterly earnings data on Wednesday. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18, Zacks reports. Orkla Asa had a return on equity of 14.12% and a net margin of 15.69%.The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion.

Orkla Asa Stock Performance

Shares of ORKLY opened at $11.39 on Friday. The firm has a market capitalization of $11.36 billion, a P/E ratio of 10.08 and a beta of 0.39. Orkla Asa has a 52 week low of $9.91 and a 52 week high of $13.90. The stock has a 50 day moving average price of $12.42 and a two-hundred day moving average price of $11.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.43.

Analyst Ratings Changes

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