ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Issues Earnings Results

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

ASSA ABLOY AB (publ) Stock Down 0.1 %

OTCMKTS ASAZY traded down $0.02 during trading on Friday, reaching $15.67. 49,194 shares of the company's stock were exchanged, compared to its average volume of 116,954. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. ASSA ABLOY AB has a fifty-two week low of $10.24 and a fifty-two week high of $17.03. The company's fifty day simple moving average is $16.01 and its 200-day simple moving average is $14.90. The firm has a market capitalization of $34.87 billion, a PE ratio of 25.31, a P/E/G ratio of 1.65 and a beta of 1.11.

ASSA ABLOY AB (publ) Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a dividend of $0.1297 per share. The ex-dividend date of this dividend is Friday, November 8th. ASSA ABLOY AB (publ)'s payout ratio is 24.19%.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of ASSA ABLOY AB (publ) to a "strong sell" rating in a research note on Thursday, September 5th.

ASSA ABLOY AB (publ) Company Profile

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.