Electrolux AB (ELUXY) Releases Earnings Results, Beats Expectations By $0.06 EPS

Electrolux AB (OTCMKTS:ELUXY) announced its quarterly earnings data on Friday, October 27th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.06, Morningstar.com reports. Electrolux AB had a return on equity of 29.70% and a net margin of 4.19%. The business had revenue of $3.60 billion during the quarter.

Electrolux AB (OTCMKTS ELUXY) opened at $70.12 on Friday. Electrolux AB has a one year low of $44.24 and a one year high of $72.89. The stock has a market capitalization of $202,645.47, a price-to-earnings ratio of 17.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.98.

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Several research analysts recently commented on the company. Zacks Investment Research cut Electrolux AB from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Goldman Sachs Group, Inc. (The) lowered Electrolux AB from a “buy” rating to a “neutral” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Electrolux AB has a consensus rating of “Hold” and a consensus target price of $77.00.

About Electrolux AB

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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