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

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) issued its quarterly earnings results on Monday. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05, MarketWatch Earnings reports. ASSA ABLOY AB (publ) had a net margin of 11.63% and a return on equity of 17.63%.

Shares of ASAZY opened at $15.99 on Thursday. ASSA ABLOY AB has a 52 week low of $10.56 and a 52 week high of $16.10. The firm has a market cap of $33.74 billion, a price-to-earnings ratio of 28.55 and a beta of 0.84. The firm has a 50-day moving average of $15.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 1.25.

Several equities research analysts have issued reports on ASAZY shares. UBS Group reiterated a “buy” rating on shares of ASSA ABLOY AB (publ) in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered shares of ASSA ABLOY AB (publ) from a “buy” rating to a “hold” rating in a research note on Thursday, April 29th. Zacks Investment Research upgraded shares of ASSA ABLOY AB (publ) from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, May 6th. Nordea Equity Research lowered shares of ASSA ABLOY AB (publ) from a “buy” rating to a “hold” rating in a research note on Friday, June 18th. Finally, Credit Suisse Group restated an “outperform” rating on shares of ASSA ABLOY AB (publ) in a research note on Thursday, April 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.00.

About ASSA ABLOY AB (publ)

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices, and fire doors, as well as hardware products.

See Also: How is a price target determined?

Earnings History for ASSA ABLOY AB (publ) (OTCMKTS:ASAZY)

Receive News & Ratings for ASSA ABLOY AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASSA ABLOY AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.