Orkla Asa (OTCMKTS:ORKLY) Issues Quarterly Earnings Results

Orkla Asa (OTCMKTS:ORKLY) released its earnings results on Thursday. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17, Zacks reports. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.86 billion. Orkla Asa had a net margin of 9.63% and a return on equity of 13.85%.

Orkla Asa Price Performance

Orkla Asa stock opened at $10.52 on Friday. Orkla Asa has a 12-month low of $9.91 and a 12-month high of $13.90. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $10.83 and a 200-day moving average price of $11.80. The firm has a market capitalization of $10.37 billion, a PE ratio of 14.82 and a beta of 0.35.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

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.