Kone Oyj (OTCMKTS:KNYJY) Releases Earnings Results, Misses Estimates By $0.01 EPS

Kone Oyj (OTCMKTS:KNYJY) released its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01), Zacks reports. Kone Oyj had a net margin of 8.76% and a return on equity of 40.59%.

Kone Oyj Stock Performance

OTCMKTS KNYJY traded down $1.29 during midday trading on Wednesday, hitting $31.57. The company had a trading volume of 112,128 shares, compared to its average volume of 54,703. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. The stock has a market cap of $28.61 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.80 and a beta of 0.69. The firm has a fifty day simple moving average of $33.72 and a two-hundred day simple moving average of $34.44. Kone Oyj has a fifty-two week low of $29.94 and a fifty-two week high of $38.29.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KNYJY shares. Royal Bank Of Canada upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Evercore raised shares of Kone Oyj to a “hold” rating in a report on Monday, April 13th. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Finally, Citigroup downgraded shares of Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kone Oyj currently 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.