Orkla ASA (OTCMKTS:ORKLY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01, Zacks reports. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $17.53 billion. Orkla ASA had a return on equity of 13.13% and a net margin of 8.58%.

Orkla ASA Stock Performance

Shares of ORKLY traded down $0.56 during mid-day trading on Friday, reaching $10.85. 63,831 shares of the company's stock traded hands, compared to its average volume of 40,676. The business's 50-day moving average price is $10.93 and its 200-day moving average price is $9.76. The stock has a market capitalization of $10.82 billion, a P/E ratio of 19.38 and a beta of 0.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.70 and a current ratio of 1.30. Orkla ASA has a 12 month low of $7.55 and a 12 month high of $12.10.

Orkla ASA Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, April 29th will be issued a dividend of $0.6871 per share. This represents a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, April 28th. This is a boost from Orkla ASA's previous dividend of $0.40. Orkla ASA's payout ratio is 121.43%.

Orkla ASA Company Profile

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.