ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Releases Earnings Results, Beats Expectations By $0.05 EPS

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) announced its quarterly earnings data on Monday. The industrial products company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05, MarketWatch Earnings reports. ASSA ABLOY AB (publ) had a return on equity of 17.63% and a net margin of 11.63%.

ASAZY stock opened at $15.99 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.25 and a quick ratio of 0.85. ASSA ABLOY AB has a 52-week low of $10.56 and a 52-week high of $16.10. The company’s 50-day moving average price is $15.46. The company has a market capitalization of $33.74 billion, a PE ratio of 28.55 and a beta of 0.84.

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of ASSA ABLOY AB (publ) in a research note on Tuesday. UBS Group reissued a “buy” rating on shares of ASSA ABLOY AB (publ) in a research note on Tuesday. Deutsche Bank Aktiengesellschaft downgraded shares of ASSA ABLOY AB (publ) from a “buy” rating to a “hold” rating in a research note on Thursday, April 29th. Cheuvreux downgraded shares of ASSA ABLOY AB (publ) from a “buy” rating to a “hold” rating in a research note on Thursday, June 24th. Finally, Zacks Investment Research raised shares of ASSA ABLOY AB (publ) from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, May 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices, and fire doors, as well as hardware products.

Read More: Why is a lock-up period needed for an IPO?

Earnings History for ASSA ABLOY AB (publ) (OTCMKTS:ASAZY)

Receive News & Ratings for ASSA ABLOY AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASSA ABLOY AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.