Electrolux (OTCMKTS:ELUXY) Announces Quarterly Earnings Results

Electrolux (OTCMKTS:ELUXY) issued its quarterly earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.12), Zacks reports. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.35 billion.

Electrolux Price Performance

ELUXY opened at $5.38 on Friday. The stock has a market capitalization of $760.78 million, a PE ratio of -9.95, a P/E/G ratio of 0.63 and a beta of 1.22. Electrolux has a 1 year low of $4.63 and a 1 year high of $19.83. The company’s 50 day simple moving average is $5.51 and its 200 day simple moving average is $8.20. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.72 and a current ratio of 1.04.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.