Assa Abloy (OTCMKTS:ASAZY) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Assa Abloy (OTCMKTS:ASAZY) released its quarterly earnings results on Tuesday. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01), Zacks reports. Assa Abloy had a net margin of 10.82% and a return on equity of 15.56%.

Assa Abloy Stock Performance

Assa Abloy stock traded up $0.22 during trading hours on Tuesday, reaching $18.89. 5,046 shares of the company were exchanged, compared to its average volume of 301,740. Assa Abloy has a 12 month low of $16.82 and a 12 month high of $21.98. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $17.95 and a 200 day moving average of $18.68. The firm has a market cap of $42.03 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.17 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and systems that help secure, manage and automate access to buildings, properties and other facilities.

Its portfolio includes mechanical and electromechanical locks, electronic access-control systems, digital identification and authentication solutions, door hardware, security doors, entrance automation equipment and security solutions for hotels. Assa Abloy also provides related services, software and integrated systems for commercial, institutional, residential and industrial customers.

The company was formed in 1994 through the merger of Assa in Sweden and Abloy in Finland.