Assa Abloy (ASAZY) Expected to Announce Earnings on Tuesday

Assa Abloy (OTCMKTS:ASAZY) is projected to announce its results before the market opens on Tuesday, October 27th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $4.13 billion for the quarter.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Assa Abloy had a return on equity of 15.56% and a net margin of 10.82%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. On average, analysts expect Assa Abloy to post $0.84 EPS for the current fiscal year and $0.95 EPS for the next fiscal year.

Assa Abloy Trading Down 0.4%

Shares of ASAZY opened at $17.83 on Tuesday. The firm has a market cap of $39.67 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 2.10 and a beta of 1.15. Assa Abloy has a fifty-two week low of $16.82 and a fifty-two week high of $21.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 1.01. The business has a 50-day moving average of $17.99 and a 200 day moving average of $18.19.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Assa Abloy in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.