Electrolux (ELUXY) to Release Quarterly Earnings on Thursday

Electrolux (OTCMKTS:ELUXY) is expected to announce its results before the market opens on Thursday, January 29th. Analysts expect the company to announce earnings of $0.98 per share and revenue of $3.7853 billion for the quarter.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.36). Electrolux had a return on equity of 6.58% and a net margin of 0.43%.The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $32.22 billion. On average, analysts expect Electrolux to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Electrolux Stock Performance

Electrolux stock opened at $14.36 on Thursday. The business has a 50 day moving average of $13.18 and a 200-day moving average of $12.60. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.01 and a quick ratio of 0.64. Electrolux has a 1 year low of $10.80 and a 1 year high of $20.11. The company has a market capitalization of $2.03 billion, a P/E ratio of 35.03 and a beta of 1.13.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Electrolux in a report on Tuesday, October 14th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

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.