Zacks Investment Research downgraded shares of Electrolux (OTCMKTS:ELUXY) from a hold rating to a sell rating in a research note published on Wednesday morning.
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. “
ELUXY has been the topic of several other reports. ValuEngine lowered Electrolux from a sell rating to a strong sell rating in a research note on Friday, August 24th. JPMorgan Chase & Co. upgraded Electrolux from an underweight rating to a neutral rating in a research note on Thursday, July 19th.
Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Wednesday, July 18th. The company reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $3.62 billion for the quarter. Electrolux had a return on equity of 22.11% and a net margin of 3.68%. Research analysts anticipate that Electrolux will post 4.17 earnings per share for the current fiscal year.
Electrolux Company Profile
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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