Electrolux AB (OTCMKTS:ELUXY) Receives Consensus Recommendation of “Reduce” from Brokerages

Electrolux AB (OTCMKTS:ELUXY) has earned an average recommendation of “Reduce” from the six brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

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

Electrolux Price Performance

Shares of ELUXY opened at $12.57 on Wednesday. The company has a 50-day simple moving average of $12.15 and a 200-day simple moving average of $13.72. The firm has a market capitalization of $1.78 billion, a P/E ratio of 48.35 and a beta of 1.08. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. Electrolux has a 52 week low of $9.84 and a 52 week high of $19.83.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. On average, equities research analysts expect that Electrolux will post -0.07 earnings per share for the current 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.