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

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

ASSA ABLOY AB (publ) Price Performance

OTCMKTS ASAZY traded down $0.02 during trading hours on Friday, reaching $15.67. 49,194 shares of the company’s stock were exchanged, compared to its average volume of 116,954. The firm has a fifty day moving average of $16.01 and a 200-day moving average of $14.90. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. ASSA ABLOY AB has a one year low of $10.24 and a one year high of $17.03. The stock has a market cap of $34.87 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

ASSA ABLOY AB (publ) Cuts Dividend

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

Analysts Set New Price Targets

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

About ASSA ABLOY AB (publ)

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.