New Report: Electrolux (ELUXY)
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Electrolux AB, known by the ticker symbol ELUXY, is a mid-cap furnishings, fixtures and appliances manufacturer, operating in the consumer cyclical business sector. This is my first report on Electrolux AB (ELUXY) for this Viital portfolio. I hve reported on the company for one or more of my previous six portfolios.
Electrolux AB is a Sweden-based company that is principally engaged in manufacturing home appliances and appliances for professional use.
Its products are categorized into kitchen products, laundry products, small appliances, professional kitchen products, professional laundry products, and adjacent products, with kitchen products accounting for more than half of total revenue.
The company's brands include Electrolux, AEG, Zanussi, Frigidaire, and Electrolux Grand Cuisine. The company has a global business presence, including North America, Europe, Latin America, Africa, the Middle East, and Asia, with North America and Europe jointly contributing over half of the total revenue.
The company offers its products through retailers, buying groups, and independent stores.
Electrolux AB was founded in 1901 and is headquartered in Stockholm, Sweden.
Three key data points gauge any dividend equity or fund such as Electrolux AB (ELUXY):
(1) Price
(2) Dividends
(3) Returns
Those three basic keys best tell whether any company has made, is making, and will make money.
ELUXY Price
Electrolux's price per share was $30.99 as of yesterday's market close. One year ago its price was $60.87. Therefore, Electrolux's share price fell nearly $30.00 or about 49% in the past year.
If Electrolux's stock trades in the range of $24.00 to $48.00 this next year, its recent $30.99 share price might rise by $1.01 to reach $32.00 by March 25, 2023. My $1.01 estimate is $4.45 over the target price estimates from the one analyst covering ELUXY for a brokerage firm. That analyst expects the price to decline.
ELUXY Dividends
Electrolux's most recently declared semi-annual dividends of $0.9741 were declared in January to shareholders on record as of March 31st with no pay date yet declared. If paid, the resulting ELUXY annual dividend payout per share of $1.95 yields 6.29% at yesterday's $30.99 closing price.
ELUXY has paid regular semi annual variable payouts since April, 2010. That stretch will mark 12 years next month.
ELUXY Returns
Adding the $1.95 Electrolux annual dividend to the estimated one-year price upside of $1.01 shows a $2.96 potential gross gain, per share, to be reduced by any costs to trade ELUXY shares.
At yesterday's $30.99 price per share, a little under $1000 would buy 32 shares.
A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.31 per share.
Subtract that maybe $0.31 brokerage cost from my estimated $2.96 gross gain estimate per share results in a net gain of $2.65 X 32 shares = $84.80 for a 8.5% net gain on a $991.68 investment.
So it is that Electrolux AB (ELUXY) shows a possible 8.5% net gain including a 6.29% forward looking dividend yield.
Over the next year at this time our $1000 investment in Electrolux AB ELUXY) could generate $62.90 in cash dividends alone. Note that a single share of ELUXY stock bought at yesterday's single share price of $30.99 is less than half the anticipated dividend income from our $1000.00 invested. So, by my dogcatcher ideal, now maybe the time to buy Electrolux AG (ELUXY) shares. The estimated next-year dividend from $1K invested is 2.03 times greater than yesterday's single share price. Consider yourself alerted. Its a sign!
rice. Consider yourself alerted. Its a sign!
All of the estimates above are speculation based on the past history of Electrolux AG (ELUXY). Only time and money invested in this stock will determine its market value.
Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...
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