KONE Oyj (OTCMKTS:KNYJY) Posts Quarterly Earnings Results, Meets Expectations

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22, Zacks reports. KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.76 billion.

KONE Oyj Stock Performance

OTCMKTS:KNYJY traded up $0.17 during trading hours on Wednesday, reaching $31.23. The company had a trading volume of 21,687 shares, compared to its average volume of 32,862. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.13 and a quick ratio of 0.89. The firm has a market cap of $28.31 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.70 and a beta of 0.73. The business's 50 day moving average price is $28.69 and its 200-day moving average price is $26.88. KONE Oyj has a 1-year low of $23.14 and a 1-year high of $31.45.

KONE Oyj Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $0.9388 per share. The ex-dividend date was Friday, March 7th. This is a boost from KONE Oyj's previous dividend of $0.94. KONE Oyj's dividend payout ratio (DPR) is 41.00%.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets cut KONE Oyj from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 17th.

KONE Oyj Company Profile

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.