Assa Abloy (OTCMKTS:ASAZY) Issues Earnings Results

Assa Abloy (OTCMKTS:ASAZY) released its quarterly earnings data on Friday. The industrial products company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02), Zacks reports. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. Assa Abloy had a net margin of 10.51% and a return on equity of 15.93%.

Assa Abloy Stock Performance

Assa Abloy stock opened at $17.97 on Friday. The stock has a market cap of $39.99 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The firm’s fifty day moving average price is $17.65 and its 200-day moving average price is $19.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.03. Assa Abloy has a fifty-two week low of $16.34 and a fifty-two week high of $21.98.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ASAZY shares. Pareto Securities upgraded shares of Assa Abloy from a “hold” rating to a “buy” rating in a research report on Wednesday, April 8th. Zacks Research raised shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Barclays restated an “overweight” rating on shares of Assa Abloy in a report on Monday, June 15th. Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Evercore upgraded shares of Assa Abloy to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Assa Abloy presently has an average rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.