Orkla Asa (OTCMKTS:ORKLY) Releases Earnings Results, Meets Expectations

Orkla Asa (OTCMKTS:ORKLY) issued its earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17, Zacks reports. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. Orkla Asa had a net margin of 15.69% and a return on equity of 13.83%.

Orkla Asa Trading Down 6.7%

Shares of Orkla Asa stock opened at $10.33 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a 50-day moving average of $10.83 and a 200-day moving average of $11.81. Orkla Asa has a 52-week low of $9.91 and a 52-week high of $13.90. The stock has a market cap of $10.18 billion, a PE ratio of 9.14 and a beta of 0.35.

Wall Street Analyst Weigh In

Separately, UBS Group lowered Orkla Asa from a “hold” rating to a “strong sell” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Orkla Asa presently has a consensus rating of “Reduce”.

About Orkla Asa

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.