Shares of Electrolux AB (OTCMKTS:ELUXY – Get Free Report) have been assigned a consensus rating of “Reduce” from the six research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.
A number of research firms have weighed in on ELUXY. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Finally, Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st.
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Electrolux Trading Up 5.4%
Electrolux (OTCMKTS:ELUXY – Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.40 billion. Research analysts anticipate that Electrolux will post -0.07 EPS for the current fiscal 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.
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