NIBE Industrier AB (publ) (NDRBF) Projected to Release Quarterly Earnings on Tuesday

NIBE Industrier AB (publ) (OTCMKTS:NDRBF) will likely be issuing its results before the market opens on Tuesday, November 17th. Analysts expect NIBE Industrier AB (publ) to announce earnings of $0.0448 per share and revenue of $1.10 billion for the quarter.

NIBE Industrier AB (publ) Stock Performance

NIBE Industrier AB (publ) stock opened at $4.70 on Tuesday. The company’s 50-day moving average is $4.51 and its 200-day moving average is $4.14. NIBE Industrier AB has a fifty-two week low of $3.50 and a fifty-two week high of $4.87.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NDRBF shares. Citigroup reiterated a “neutral” rating on shares of NIBE Industrier AB (publ) in a research note on Tuesday, August 25th. Barclays reissued an “underweight” rating on shares of NIBE Industrier AB (publ) in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Sell”.

NIBE Industrier AB (publ) Company Profile

NIBE Industrier AB (publ) is a Sweden-based manufacturer of products and solutions for indoor climate, heating, cooling and energy efficiency. The company serves residential, commercial and industrial customers through three main business areas: Climate Solutions, Element and Stoves.

Its Climate Solutions business offers heat pumps, water heaters, heating systems, ventilation products and related climate-control technologies. The Element business develops and manufactures electric heating elements and components for applications such as appliances, industrial equipment and infrastructure.