Electrolux (OTCMKTS:ELUXY) Shares Gap Down on Disappointing Earnings

Electrolux AB (OTCMKTS:ELUXY) shares gapped down before the market opened on Monday following a weaker than expected earnings announcement. The stock had previously closed at $11.44, but opened at $10.2250. Electrolux shares last traded at $10.1280, with a volume of 812 shares changing hands.

The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a return on equity of 4.20% and a net margin of 0.27%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ELUXY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Citigroup reiterated a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research lowered Electrolux from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a report on Friday, March 27th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Electrolux Stock Performance

The stock has a market capitalization of $1.48 billion, a PE ratio of 40.12 and a beta of 1.20. The firm’s fifty day moving average is $14.05 and its 200-day moving average is $13.79. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 3.57.

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.