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

Orkla Asa (OTCMKTS:ORKLY) is expected to issue its results before the market opens on Friday, November 6th. Analysts expect the company to post earnings of $0.1780 per share and revenue of $1.85 billion for the quarter.

Orkla Asa (OTCMKTS:ORKLY) last released its earnings results on Thursday, August 20th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Orkla Asa had a return on equity of 13.98% and a net margin of 9.63%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion.

Orkla Asa Price Performance

Shares of OTCMKTS ORKLY opened at $10.83 on Thursday. Orkla Asa has a twelve month low of $9.40 and a twelve month high of $13.90. The company has a current ratio of 1.12, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 15.12 and a beta of 0.33. The firm has a 50-day moving average of $10.00 and a two-hundred day moving average of $11.33.

Orkla Asa Company Profile

Orkla ASA is a Norwegian investment and industrial group focused primarily on branded consumer goods and related businesses. The company develops, produces and markets food, snacks, confectionery, health and personal-care products, and other everyday consumer products through a portfolio of established brands.

Its product categories include prepared foods, grocery products, baked goods, snacks, sweets, nutritional products, personal care and household items. Orkla also has operations in food ingredients and food services, supplying products and solutions to retailers, food manufacturers and professional customers.

Orkla’s businesses serve consumers and customers mainly in the Nordic and Baltic countries, with selected activities and brands serving additional international markets.