ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) released its quarterly earnings results on Wednesday. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04), Yahoo Finance reports. ASSA ABLOY AB (publ) had a return on equity of 15.60% and a net margin of 10.02%. The business had revenue of $3.59 billion during the quarter.

ASSA ABLOY AB (publ) Trading Down 0.1 %

OTCMKTS:ASAZY opened at $15.67 on Friday. ASSA ABLOY AB has a 1 year low of $10.24 and a 1 year high of $17.03. The stock has a market cap of $34.87 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.65 and a beta of 1.11. The business has a fifty day moving average of $16.01 and a 200-day moving average of $14.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 1.13.

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a $0.1297 dividend. The ex-dividend date is Friday, November 8th. ASSA ABLOY AB (publ)’s payout ratio is 24.19%.

Analyst Upgrades and Downgrades

Separately, Barclays raised ASSA ABLOY AB (publ) to a “strong sell” rating in a research note on Thursday, September 5th.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.