Elekta AB (publ) (OTCMKTS:EKTAY) Releases Earnings Results, Misses Estimates By $0.01 EPS

Elekta AB (publ) (OTCMKTS:EKTAY - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01), Zacks reports. Elekta AB (publ) had a net margin of 5.65% and a return on equity of 11.07%. The business had revenue of $416.86 million during the quarter, compared to analysts' expectations of $435.89 million.

Elekta AB (publ) Trading Down 8.0 %

Shares of OTCMKTS:EKTAY traded down $0.49 during mid-day trading on Friday, reaching $5.60. 5,517 shares of the company were exchanged, compared to its average volume of 4,536. Elekta AB has a 1 year low of $5.25 and a 1 year high of $8.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 0.81. The firm's 50-day simple moving average is $5.71 and its 200 day simple moving average is $6.09. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 22.40 and a beta of 1.22.

Elekta AB (publ) Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.1072 per share. The ex-dividend date of this dividend is Friday, March 7th. Elekta AB (publ)'s dividend payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Elekta AB (publ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 29th.

About Elekta AB (publ)

Elekta AB (publ), a medical technology company, provides clinical solutions for treating cancer and brain disorders worldwide. The company offers Versa HD, a brain metastases solution; Elekta Unity for real-time MR visualization; Elekta Harmony, a linear accelerator; Elekta Infinity for treating a range of patients with simple-to-complex radiotherapy needs; Elekta Synergy, a digital accelerator for image guided radiation therapy; treatment and workflow management solutions; radiation and medical oncology; and other patient services.