Zacks Investment Research cut shares of Electrolux (OTCMKTS:ELUXY) from a buy rating to a sell rating in a research note released on Friday.
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 analysts have also recently issued reports about the company. ValuEngine raised Electrolux from a sell rating to a hold rating in a research report on Friday, November 23rd. Morgan Stanley cut Electrolux from an equal weight rating to an underweight rating in a report on Wednesday, December 5th.
Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter. Electrolux had a return on equity of 19.80% and a net margin of 3.41%. The firm had revenue of $3.40 billion for the quarter. As a group, sell-side analysts anticipate that Electrolux will post 3.73 EPS for the current fiscal year.
AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances and appliances for professional use. It operates through six segments: Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Home Care & Small Domestics Appliances; and Professional Products.
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