Assa Abloy (ASAZY) Expected to Announce Earnings on Friday

Assa Abloy (OTCMKTS:ASAZY) is anticipated to post its resultson Friday, July 17th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $4.1070 billion for the quarter.

Assa Abloy (OTCMKTS:ASAZY) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Assa Abloy had a return on equity of 15.93% and a net margin of 10.51%.The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.88 billion. 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

OTCMKTS ASAZY opened at $17.17 on Friday. The company has a fifty day moving average price of $17.88 and a 200-day moving average price of $19.09. The firm has a market cap of $38.21 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 0.63. Assa Abloy has a 1 year low of $15.39 and a 1 year high of $21.98.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASAZY. Evercore upgraded shares of Assa Abloy to a “hold” rating in a report on Monday, April 13th. Barclays reiterated an “overweight” rating on shares of Assa Abloy in a research note on Monday, June 15th. Zacks Research raised shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Pareto Securities upgraded Assa Abloy from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, Dnb Carnegie raised Assa Abloy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy is a global provider of door opening solutions, formed in 1994 through the merger of Swedish lock manufacturer ASSA and Finnish lock specialist Abloy. Building on a legacy that dates back to 1907, the company has grown into a diversified security technology group offering a broad portfolio of mechanical and electromechanical locks, access control systems, identification technology and entrance automation. Assa Abloy serves a wide range of end markets, including commercial buildings, residential dwellings, institutions, transportation hubs and hospitality venues.

The company’s product offerings encompass traditional mechanical locks and keys as well as advanced digital solutions such as mobile access credentials, smart door locks and cloud-based access management platforms.