Kone Oyj (OTCMKTS:KNYJY) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Kone Oyj (OTCMKTS:KNYJY) announced its earnings results on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05), Zacks reports. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%.

Kone Oyj Price Performance

Shares of KNYJY traded down $0.84 during trading hours on Wednesday, hitting $26.56. 19,967 shares of the company were exchanged, compared to its average volume of 63,300. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29. The company has a market cap of $24.07 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.50 and a beta of 0.64. The firm’s fifty day moving average is $28.70 and its 200 day moving average is $32.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KNYJY shares. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Evercore upgraded Kone Oyj to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.