Orkla Asa (OTCMKTS:ORKLY) Posts Quarterly Earnings Results, Meets Expectations

Orkla Asa (OTCMKTS:ORKLY) announced its quarterly earnings results on Wednesday. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18, Zacks reports. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.

Orkla Asa Price Performance

OTCMKTS ORKLY opened at $12.43 on Wednesday. Orkla Asa has a 1 year low of $9.91 and a 1 year high of $13.90. The company has a fifty day simple moving average of $12.47 and a 200 day simple moving average of $11.84. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.29. The company has a market cap of $12.40 billion, a P/E ratio of 11.20 and a beta of 0.39.

Analyst Ratings Changes

Separately, Kepler Capital Markets cut Orkla Asa from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.