Orkla Asa (ORKLY) Expected to Post Quarterly Earnings on Thursday

Orkla Asa (OTCMKTS:ORKLY) is expected to post its results before the market opens on Thursday, August 20th. Analysts expect Orkla Asa to announce earnings of $0.1673 per share and revenue of $1.8580 billion for the quarter.

Orkla Asa (OTCMKTS:ORKLY) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Orkla Asa had a net margin of 15.69% and a return on equity of 13.83%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion.

Orkla Asa Stock Performance

ORKLY opened at $10.90 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The firm has a fifty day moving average price of $10.82 and a 200 day moving average price of $11.84. Orkla Asa has a 1 year low of $9.91 and a 1 year high of $13.90. The stock has a market cap of $10.74 billion, a P/E ratio of 9.65 and a beta of 0.35.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Orkla Asa Company Profile

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.