Assa Abloy (ASAZY) Set to Post Earnings on Tuesday

Assa Abloy (OTCMKTS:ASAZY) is expected to be releasing its results before the market opens on Tuesday, October 27th. Analysts expect Assa Abloy to post earnings of $0.23 per share and revenue of $4.13 billion for the quarter.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. On average, analysts expect Assa Abloy to post $0.84 EPS for the current fiscal year and $0.95 EPS for the next fiscal year.

Assa Abloy Stock Down 0.4%

Shares of OTCMKTS ASAZY opened at $17.83 on Tuesday. 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 business has a 50-day moving average of $17.99 and a 200-day moving average of $18.19. The firm has a market capitalization of $39.67 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 2.10 and a beta of 1.15. Assa Abloy has a 12 month low of $16.82 and a 12 month high of $21.98.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a research note on Thursday, September 17th. One investment 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 company’s stock. According to data from MarketBeat, the stock has an average 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.