Assa Abloy (OTCMKTS:ASAZY) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Assa Abloy (OTCMKTS:ASAZY) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01), Zacks reports. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.13 billion. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%.

Assa Abloy Price Performance

Shares of OTCMKTS ASAZY opened at $19.26 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $42.86 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. The firm’s 50-day moving average is $17.99 and its 200-day moving average is $18.67. Assa Abloy has a 1 year low of $16.82 and a 1 year high of $21.98.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of Assa Abloy in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Assa Abloy Company Profile

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and systems that help secure, manage and automate access to buildings, properties and other facilities.

Its portfolio includes mechanical and electromechanical locks, electronic access-control systems, digital identification and authentication solutions, door hardware, security doors, entrance automation equipment and security solutions for hotels. Assa Abloy also provides related services, software and integrated systems for commercial, institutional, residential and industrial customers.

The company was formed in 1994 through the merger of Assa in Sweden and Abloy in Finland.