Kone Oyj (KNYJY) Expected to Post Earnings on Thursday

Key Points

• Kone Oyj is expected to report earnings before the market opens on Thursday, October 22. Analysts forecast earnings of $0.31 per share on revenue of $3.27 billion.
• The company’s previous quarter fell short of expectations, with EPS of $0.27 versus the $0.32 consensus and revenue of $3.36 billion versus estimates of $3.38 billion.
• Kone shares opened at $29.84, with a market capitalization of approximately $27.05 billion; analysts maintain a consensus “Hold” rating, despite some recent upgrades.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) is expected to issue its results before the market opens on Thursday, October 22nd. Analysts expect the company to post earnings of $0.31 per share and revenue of $3.27 billion for the quarter.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. On average, analysts expect Kone Oyj to post $1.19 EPS for the current fiscal year and $1.37 EPS for the next fiscal year.

Kone Oyj Price Performance

OTCMKTS KNYJY opened at $29.84 on Thursday. The stock's 50-day moving average price is $29.41 and its two-hundred day moving average price is $29.74. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23. The company has a market cap of $27.05 billion, a PE ratio of 28.15, a PEG ratio of 1.96 and a beta of 0.59. Kone Oyj has a 1 year low of $26.52 and a 1 year high of $38.29.

Wall Street Analyst Weigh In

KNYJY has been the subject of several recent analyst reports. Kepler Capital Markets upgraded shares of Kone Oyj from a "hold" rating to a "buy" rating in a report on Tuesday, June 23rd. Zacks Research raised shares of Kone Oyj from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Kone Oyj has a consensus rating of "Hold".

Kone Oyj Company Profile

KONE Oyj is a Finland-based company that develops, manufactures, sells, installs and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, improve accessibility and enhance building flow.

The company provides equipment for new construction as well as maintenance, modernization and replacement services for existing installations. Its offerings include digital systems and connected services designed to support equipment monitoring, predictive maintenance and improved passenger experiences.

Founded in 1910 and headquartered in Espoo, Finland, KONE serves customers across Europe, the Middle East and Africa, the Americas and the Asia-Pacific region.

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