Assa Abloy AB (ASAZY) Releases Earnings Results, Meets Estimates
Assa Abloy AB (OTCMKTS:ASAZY) announced its quarterly earnings data on Friday. The industrial products company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12, MarketWatch Earnings reports. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.23 billion. Assa Abloy AB had a return on equity of 17.48% and a net margin of 9.49%.
Assa Abloy AB (ASAZY) traded down 2.939% during mid-day trading on Friday, reaching $10.735. The company had a trading volume of 70,766 shares. The company has a market capitalization of $23.85 billion, a price-to-earnings ratio of 26.737 and a beta of 1.04. The firm’s 50 day moving average price is $11.11 and its 200-day moving average price is $10.85. Assa Abloy AB has a 12 month low of $8.80 and a 12 month high of $11.49.
Separately, Zacks Investment Research lowered Assa Abloy AB from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th.
Assa Abloy AB Company Profile
ASSA ABLOY AB (publ) provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. It offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, fire doors, door frames, industrial high-security fencing and gates, hardware, and fittings.
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