Electrolux (ELUXY) Set to Announce Quarterly Earnings on Friday

Electrolux (OTCMKTS:ELUXY) will likely be releasing its results before the market opens on Friday, October 23rd. Analysts expect the company to post earnings of $0.1096 per share and revenue of $3.35 billion for the quarter.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.21. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. On average, analysts expect Electrolux to post $0.26 EPS for the current fiscal year and $0.71 EPS for the next fiscal year.

Electrolux Stock Performance

Shares of ELUXY opened at $5.45 on Wednesday. The firm’s 50 day moving average is $5.57 and its 200-day moving average is $8.34. The stock has a market capitalization of $771.39 million, a P/E ratio of -10.09, a P/E/G ratio of 0.43 and a beta of 1.22. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72. Electrolux has a 12-month low of $4.63 and a 12-month high of $19.83.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Electrolux Company Profile

Electrolux Group is a Swedish home-appliance manufacturer that develops and sells products for kitchens, laundry care, and household cleaning. Its portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners, and related home-comfort products.

Founded in 1919 and headquartered in Stockholm, Sweden, Electrolux markets products under brands including Electrolux, AEG, and Frigidaire. The company serves consumers and professional customers through retail, online, and other distribution channels across Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa.

Electrolux focuses on developing appliances designed around energy and water efficiency, food preservation, cooking performance, fabric care, and connected-home functionality.