Electrolux AB (OTCMKTS:ELUXY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Electrolux AB (OTCMKTS:ELUXY) have been assigned an average rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of brokerages have commented on ELUXY. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Finally, Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st.

Electrolux Price Performance

Shares of Electrolux stock opened at $12.76 on Wednesday. The business has a 50 day simple moving average of $12.14 and a two-hundred day simple moving average of $13.70. Electrolux has a 12 month low of $9.84 and a 12 month high of $19.83. The stock has a market capitalization of $1.81 billion, a P/E ratio of 49.06 and a beta of 1.08. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. As a group, analysts predict that Electrolux will post -0.07 EPS for the current fiscal year.

Electrolux Company Profile

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.