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

Key Points

• Assa Abloy reported quarterly EPS of $0.22, falling short of the $0.23 consensus estimate by $0.01. The company posted a 10.82% net margin and 15.56% return on equity.
• Shares opened at $18.65, with a $41.50 billion market capitalization, a 23.61 price-to-earnings ratio and a 52-week range of $16.82 to $21.98.
• Analyst sentiment remains positive but cautious: Assa Abloy has an average rating of “Moderate Buy”, based on one Strong Buy, four Buy and three Hold ratings; Deutsche Bank reaffirmed its Hold rating.

Assa Abloy (OTCMKTS:ASAZY - Get Free Report) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.22 EPS 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 Price Performance

ASAZY stock opened at $18.65 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.63. The business has a 50 day simple moving average of $17.95 and a 200-day simple moving average of $18.68. The firm has a market capitalization of $41.50 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. Assa Abloy has a 1 year low of $16.82 and a 1 year high of $21.98.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Assa Abloy in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company 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.

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