According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “
Other research analysts also recently issued reports about the stock. DNB Markets downgraded shares of AB Electrolux (publ) from a buy rating to a hold rating in a research report on Monday, April 19th. Morgan Stanley reaffirmed an equal weight rating on shares of AB Electrolux (publ) in a research report on Wednesday. Cheuvreux downgraded shares of AB Electrolux (publ) from a hold rating to a reduce rating in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of AB Electrolux (publ) in a research report on Wednesday. Finally, Pareto Securities raised shares of AB Electrolux (publ) from a hold rating to a buy rating in a research report on Wednesday. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. AB Electrolux (publ) currently has an average rating of Hold and an average target price of $59.53.
AB Electrolux (publ) (OTCMKTS:ELUXY) last released its quarterly earnings results on Monday, July 19th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.10). AB Electrolux (publ) had a net margin of 4.86% and a return on equity of 31.09%. As a group, analysts forecast that AB Electrolux will post 4.7 EPS for the current year.
AB Electrolux (publ) Company Profile
AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances in Europe, North America, Latin America, the Asia/Pacific, the Middle East, and Africa. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.
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