ASSA ABLOY AB/S (ASAZY) Issues Quarterly Earnings Results
ASSA ABLOY AB/S (OTCMKTS:ASAZY) released its earnings results on Friday. The industrial products company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12, MarketWatch Earnings reports. ASSA ABLOY AB/S had a net margin of 4.44% and a return on equity of 17.08%. The firm had revenue of $2.37 billion during the quarter.
Shares of ASSA ABLOY AB/S stock traded up $0.33 during trading on Friday, hitting $9.67. 113,907 shares of the stock were exchanged, compared to its average volume of 112,870. The firm has a market capitalization of $19.71 billion, a P/E ratio of 21.02, a P/E/G ratio of 1.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.68 and a current ratio of 1.09. ASSA ABLOY AB/S has a 12 month low of $9.27 and a 12 month high of $11.34.
Several analysts have weighed in on ASAZY shares. UBS Group upgraded shares of ASSA ABLOY AB/S from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research upgraded shares of ASSA ABLOY AB/S from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. Finally, ValuEngine upgraded shares of ASSA ABLOY AB/S from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th.
ASSA ABLOY AB (publ) provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. The company 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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