Electrolux (OTCMKTS:ELUXY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “
Several other equities analysts have also recently commented on ELUXY. ValuEngine cut shares of Electrolux from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Goldman Sachs Group cut shares of Electrolux from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $77.00.
Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, October 27th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.06. The business had revenue of $3.60 billion during the quarter. Electrolux had a return on equity of 29.70% and a net margin of 4.19%. equities research analysts expect that Electrolux will post 4.36 earnings per share for the current year.
Electrolux Company Profile
AB Electrolux provides household appliances and appliances for professional use. The Company offers designs and sustainable solutions, under brands including Electrolux, AEG, Zanussi and Frigidaire. The Company’s segments include Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Small Appliances and Professional Products.
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