Orkla Asa (OTCMKTS:ORKLY) Posts Earnings Results

Orkla Asa (OTCMKTS:ORKLY) released its quarterly earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17, Zacks reports. Orkla Asa had a return on equity of 13.83% and a net margin of 15.69%.

Orkla Asa Trading Up 1.2%

Orkla Asa stock opened at $11.07 on Thursday. The stock has a market cap of $10.91 billion, a P/E ratio of 9.80 and a beta of 0.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. Orkla Asa has a 1 year low of $9.91 and a 1 year high of $13.90. The firm’s 50 day moving average price is $10.84 and its 200-day moving average price is $11.82.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered shares of Orkla Asa from a “hold” rating to a “strong sell” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Orkla Asa has a consensus rating of “Reduce”.

About Orkla Asa

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.