Assa Abloy (OTCMKTS:ASAZY) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Assa Abloy (OTCMKTS:ASAZY - Get Free Report) announced its earnings results on Tuesday. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03), Zacks reports. Assa Abloy had a return on equity of 14.78% and a net margin of 9.74%.The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.97 billion.

Assa Abloy Stock Performance

Shares of OTCMKTS ASAZY opened at $19.05 on Thursday. Assa Abloy has a 12 month low of $14.73 and a 12 month high of $21.98. The company has a market cap of $42.38 billion, a P/E ratio of 25.74, a P/E/G ratio of 2.28 and a beta of 1.22. The business's 50 day moving average is $19.33 and its two-hundred day moving average is $19.39. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Analyst Ratings Changes

ASAZY has been the topic of a number of recent analyst reports. Citigroup reissued a "buy" rating on shares of Assa Abloy in a research report on Friday, February 6th. Zacks Research downgraded shares of Assa Abloy from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th. Dnb Carnegie upgraded shares of Assa Abloy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 2nd. Evercore upgraded shares of Assa Abloy to a "hold" rating in a report on Monday, April 13th. Finally, Pareto Securities raised shares of Assa Abloy from a "hold" rating to a "buy" rating in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Assa Abloy presently has a consensus rating of "Moderate Buy".

Assa Abloy Company Profile

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.