|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||52.00 - 53.47|
|52-week range||36.90 - 60.87|
|Beta (5Y monthly)||1.22|
|PE ratio (TTM)||15.86|
|Forward dividend & yield||3.49 (6.68%)|
|Ex-dividend date||28 Sept 2021|
|1y target est||51.31|
STOCKHOLM (Reuters) -Europe's biggest home appliances maker, Electrolux, reported earnings above pre-pandemic levels on Tuesday but saw its shares slump 9% after it warned of worsening component supply problems in coming months. However, irregular deliveries of electronic components - mainly microcontrollers - due to a global supply chain squeeze hampered production, and the April-June profit lagged analysts' expectations. "The global supply challenges experienced in the first half are expected to have a higher impact in the second half of the year," Electrolux said in a statement.
Electrolux (ELUXY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Electrolux reported on Wednesday a bigger jump than expected in quarterly operating profit on the back of the stay-at-home trend caused by the pandemic, but predicted demand would start to normalize during the second half of the year. First-quarter operating profit at Europe's biggest home appliances maker grew to 2.30 billion Swedish crowns ($274.2 million) from a year-earlier 122 million. Earnings in the year-ago quarter were unusually weak amid restructuring in North America and the impact of the initial outbreak of the pandemic on supply chains and demand.