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

Assa Abloy (OTCMKTS:ASAZY) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01), Zacks reports. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%.

Assa Abloy Stock Performance

OTCMKTS ASAZY opened at $18.65 on Tuesday. The stock has a market cap of $41.50 billion, a PE ratio of 23.61, a P/E/G ratio of 2.17 and a beta of 1.15. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. Assa Abloy has a twelve month low of $16.82 and a twelve month high of $21.98. The stock has a fifty day simple moving average of $17.95 and a 200-day simple moving average of $18.68.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Assa Abloy in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.