Electrolux AB (OTCMKTS:ELUXY – Get Free Report)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $4.85, but opened at $5.32. Electrolux shares last traded at $5.32, with a volume of 183 shares trading hands.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Electrolux presently has an average rating of “Hold”.
Read Our Latest Analysis on ELUXY
Electrolux Price Performance
Electrolux (OTCMKTS:ELUXY – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.21. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. As a group, equities analysts forecast that Electrolux AB will post 0.26 earnings per share for the current year.
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.
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