Kone Oyj (OTCMKTS:KNYJY) Posts Earnings Results

Kone Oyj (OTCMKTS:KNYJY) released its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01), Zacks reports. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%.

Kone Oyj Stock Up 0.2%

KNYJY stock traded up $0.07 during trading on Friday, reaching $31.87. The stock had a trading volume of 11,441 shares, compared to its average volume of 54,153. Kone Oyj has a one year low of $30.15 and a one year high of $38.29. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $33.50 and its two-hundred day moving average is $34.40. The company has a market capitalization of $28.89 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 1.70 and a beta of 0.69.

Wall Street Analyst Weigh In

Several research firms have recently commented on KNYJY. Citigroup downgraded shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Royal Bank Of Canada raised shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. BNP Paribas Exane raised shares of Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Evercore raised shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kone Oyj has a consensus rating of “Hold”.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.