Orkla Asa (OTCMKTS:ORKLY) Announces Earnings Results

Orkla Asa (OTCMKTS:ORKLY) released its earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18, Zacks reports. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.

Orkla Asa Trading Up 1.1%

Shares of Orkla Asa stock opened at $12.43 on Wednesday. Orkla Asa has a 52-week low of $9.91 and a 52-week high of $13.90. The firm has a market capitalization of $12.40 billion, a PE ratio of 11.20 and a beta of 0.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.43 and a quick ratio of 0.81. The company’s fifty day moving average price is $12.47 and its two-hundred day moving average price is $11.84.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets cut 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.com, 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.