ASSA ABLOY AB/S (OTCMKTS:ASAZY) Announces Quarterly Earnings Results

ASSA ABLOY AB/S (OTCMKTS:ASAZY) announced its quarterly earnings results on Friday. The industrial products company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13, MarketWatch Earnings reports. ASSA ABLOY AB/S had a net margin of 10.91% and a return on equity of 18.31%. The firm had revenue of $2.51 billion during the quarter.

OTCMKTS:ASAZY traded up $0.42 during trading hours on Friday, hitting $11.67. The stock had a trading volume of 126,143 shares, compared to its average volume of 368,938. The company has a 50 day simple moving average of $10.95 and a two-hundred day simple moving average of $10.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.99 and a quick ratio of 0.62. ASSA ABLOY AB/S has a one year low of $8.32 and a one year high of $11.97. The firm has a market capitalization of $25.03 billion, a price-to-earnings ratio of 24.83 and a beta of 0.90.

Several research analysts have commented on ASAZY shares. Zacks Investment Research downgraded shares of ASSA ABLOY AB/S from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. Barclays downgraded shares of ASSA ABLOY AB/S from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 3rd. Finally, ValuEngine downgraded shares of ASSA ABLOY AB/S from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. ASSA ABLOY AB/S has a consensus rating of “Hold” and a consensus target price of $12.00.

ASSA ABLOY AB/S Company Profile

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and consumer markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, industrial high-security fencings and gates, and fire doors, as well as hardware products.

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Earnings History for ASSA ABLOY AB/S (OTCMKTS:ASAZY)

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