Kone Oyj (KNYJY) to Announce Earnings on Friday

Kone Oyj (OTCMKTS:KNYJY) will likely be announcing its resultson Friday, July 17th. Analysts expect Kone Oyj to announce earnings of $0.32 per share and revenue of $3.3766 billion for the quarter.

Kone Oyj (OTCMKTS:KNYJY) last announced its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. On average, analysts expect Kone Oyj to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kone Oyj Trading Down 1.7%

OTCMKTS:KNYJY opened at $28.08 on Friday. The firm has a market cap of $25.45 billion, a P/E ratio of 25.76, a PEG ratio of 1.54 and a beta of 0.64. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $29.13 and its 200-day simple moving average is $32.80. Kone Oyj has a 12-month low of $27.48 and a 12-month high of $38.29.

Wall Street Analysts Forecast Growth

KNYJY has been the subject of several recent research reports. Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Evercore raised shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.