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

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

Orkla Asa Stock Up 1.1%

Shares of ORKLY stock opened at $12.43 on Wednesday. Orkla Asa has a fifty-two week low of $9.91 and a fifty-two week high of $13.90. The stock’s 50-day simple moving average is $12.47 and its 200-day simple moving average is $11.84. The firm has a market capitalization of $12.40 billion, a PE ratio of 11.20 and a beta of 0.39. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.81 and a current ratio of 1.43.

Analyst Ratings Changes

Separately, Kepler Capital Markets lowered Orkla Asa from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average 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.