ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Issues Quarterly Earnings Results

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

ASSA ABLOY AB (publ) Price Performance

ASSA ABLOY AB (publ) stock traded up $0.06 during mid-day trading on Friday, hitting $15.69. 56,893 shares of the company were exchanged, compared to its average volume of 117,283. ASSA ABLOY AB has a 12-month low of $10.24 and a 12-month high of $17.03. The company has a market capitalization of $34.91 billion, a P/E ratio of 25.31, a PEG ratio of 1.65 and a beta of 1.11. The business’s 50 day simple moving average is $16.00 and its two-hundred day simple moving average is $14.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70.

ASSA ABLOY AB (publ) Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a dividend of $0.1297 per share. The ex-dividend date is Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio is currently 24.19%.

Analyst Upgrades and Downgrades

Separately, Barclays raised ASSA ABLOY AB (publ) to a “strong sell” rating in a report 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.