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

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22, Zacks reports. The business had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.76 billion. KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%.

KONE Oyj Trading Up 0.8 %

OTCMKTS:KNYJY traded up $0.25 on Monday, reaching $31.06. 37,375 shares of the company's stock were exchanged, compared to its average volume of 32,996. The business has a fifty day moving average of $28.59 and a 200-day moving average of $26.83. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.24. KONE Oyj has a 52-week low of $23.14 and a 52-week high of $31.45. The firm has a market capitalization of $28.15 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74.

KONE Oyj Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $0.9388 dividend. This is an increase from KONE Oyj's previous dividend of $0.94. The ex-dividend date of this dividend was Friday, March 7th. KONE Oyj's payout ratio is currently 41.00%.

Wall Street Analysts Forecast Growth

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

About KONE Oyj

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.