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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) posted its quarterly earnings data 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. 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) Stock Performance

OTCMKTS:ASAZY traded up $0.07 during trading hours on Friday, hitting $15.69. 56,893 shares of the company traded hands, compared to its average volume of 117,283. The stock has a market capitalization of $34.91 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 1.65 and a beta of 1.11. ASSA ABLOY AB has a twelve month low of $10.24 and a twelve month high of $17.03. The firm has a 50-day moving average of $16.00 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 (publ) Cuts Dividend

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

Wall Street Analyst Weigh In

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.