Kone Oyj (OTCMKTS:KNYJY) Announces Quarterly Earnings Results

Kone Oyj (OTCMKTS:KNYJY) announced its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05), Zacks reports. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%.

Kone Oyj Stock Down 3.1%

Shares of KNYJY traded down $0.84 during mid-day trading on Wednesday, reaching $26.56. 19,795 shares of the stock traded hands, compared to its average volume of 63,297. The stock has a fifty day simple moving average of $28.70 and a 200 day simple moving average of $32.37. Kone Oyj has a 12-month low of $26.52 and a 12-month 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 firm has a market cap of $24.07 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.50 and a beta of 0.64.

Wall Street Analyst Weigh In

KNYJY has been the subject of a number of recent research reports. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Evercore raised Kone Oyj to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently 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.