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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04), Yahoo Finance reports. ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The business had revenue of $3.59 billion during the quarter.

ASSA ABLOY AB (publ) Trading Down 0.1 %

Shares of OTCMKTS ASAZY traded down $0.02 during midday trading on Friday, reaching $15.67. 49,194 shares of the stock were exchanged, compared to its average volume of 116,954. ASSA ABLOY AB has a 12 month low of $10.24 and a 12 month high of $17.03. The company has a market capitalization of $34.87 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.70. The business has a 50-day simple moving average of $16.01 and a two-hundred day simple moving average of $14.90.

ASSA ABLOY AB (publ) Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a $0.1297 dividend. The ex-dividend date is Friday, November 8th. ASSA ABLOY AB (publ)’s dividend payout ratio (DPR) is presently 24.19%.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded ASSA ABLOY AB (publ) to a “strong sell” rating in a report 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.