ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04), Yahoo Finance reports. The company had revenue of $3.59 billion for the quarter. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%.

ASSA ABLOY AB (publ) Stock Performance

Shares of ASAZY traded up $0.07 during trading hours on Friday, hitting $15.69. The company’s stock had a trading volume of 56,893 shares, compared to its average volume of 117,283. The business has a 50 day simple moving average of $16.00 and a two-hundred day simple moving average of $14.90. ASSA ABLOY AB has a 52-week low of $10.24 and a 52-week high of $17.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The company has a market cap of $34.91 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 1.65 and a beta of 1.11.

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.1297 per share. The ex-dividend date is Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is presently 24.19%.

Analyst Ratings Changes

Separately, Barclays upgraded shares of ASSA ABLOY AB (publ) to a “strong sell” rating in a research note on Thursday, September 5th.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.