Electrolux (OTCMKTS:ELUXY) Releases Quarterly Earnings Results, Misses Expectations By $0.61 EPS

Electrolux (OTCMKTS:ELUXYGet Free Report) posted its quarterly earnings data on Friday. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61), Zacks reports. Electrolux had a net margin of 0.69% and a return on equity of 10.82%.

Electrolux Trading Down 12.9%

Shares of ELUXY stock traded down $1.48 on Friday, reaching $9.96. 22,749 shares of the company’s stock were exchanged, compared to its average volume of 12,259. Electrolux has a 52 week low of $9.86 and a 52 week high of $19.83. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of $1.41 billion, a PE ratio of 14.87 and a beta of 1.20. The company’s fifty day simple moving average is $14.38 and its 200 day simple moving average is $13.77.

Wall Street Analyst Weigh In

ELUXY has been the subject of several analyst reports. The Goldman Sachs Group raised Electrolux to a “hold” rating in a research note on Friday, March 27th. Citigroup reissued a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Research lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

View Our Latest Report on ELUXY

Electrolux News Summary

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About Electrolux

(Get Free Report)

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.

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Earnings History for Electrolux (OTCMKTS:ELUXY)

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