Electrolux AB (OTCMKTS:ELUXY – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $6.4250, but opened at $6.13. Electrolux shares last traded at $6.13, with a volume of 355 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have recently commented on ELUXY shares. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Electrolux currently has an average rating of “Hold”.
View Our Latest Stock Report on Electrolux
Electrolux Stock Down 1.8%
Electrolux (OTCMKTS:ELUXY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 8.42%. On average, analysts predict that Electrolux AB will post 0.27 earnings per share for the current fiscal year.
About Electrolux
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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