Assa Abloy (ASAZY) Projected to Post Quarterly Earnings on Wednesday

Assa Abloy (OTCMKTS:ASAZY) is expected to be announcing its results before the market opens on Wednesday, October 22nd. Analysts expect the company to announce earnings of $0.21 per share and revenue of $3.9523 billion for the quarter.

Assa Abloy (OTCMKTS:ASAZY) last issued its quarterly earnings data on Thursday, July 17th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $38.05 billion. Assa Abloy had a return on equity of 14.16% and a net margin of 9.48%. On average, analysts expect Assa Abloy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Assa Abloy Stock Performance

Shares of ASAZY opened at $18.15 on Monday. The stock’s 50-day simple moving average is $17.59 and its 200 day simple moving average is $16.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.10 and a quick ratio of 0.68. Assa Abloy has a 52-week low of $12.76 and a 52-week high of $18.39.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ASAZY. Barclays raised Assa Abloy from a “strong sell” rating to a “hold” rating in a report on Thursday, August 21st. Citigroup reaffirmed a “neutral” rating on shares of Assa Abloy in a report on Thursday, September 25th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Assa Abloy currently has an average rating of “Hold”.

About Assa Abloy

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.