Electrolux AB (OTCMKTS:ELUXY – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $6.58, but opened at $6.30. Electrolux shares last traded at $6.30, with a volume of 143 shares traded.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.
Get Our Latest Report on ELUXY
Electrolux Stock Down 0.1%
Electrolux (OTCMKTS:ELUXY – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Electrolux had a positive return on equity of 8.42% and a negative net margin of 1.14%. Sell-side analysts anticipate that Electrolux AB will post 0.27 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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