Kone Oyj (OTCMKTS:KNYJY) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Kone Oyj (OTCMKTS:KNYJY) released its quarterly earnings results on Wednesday. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05), Zacks reports. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%.

Kone Oyj Stock Performance

Shares of OTCMKTS:KNYJY traded down $0.84 during midday trading on Wednesday, hitting $26.56. The stock had a trading volume of 19,795 shares, compared to its average volume of 63,297. The company has a market capitalization of $24.07 billion, a PE ratio of 24.37, a P/E/G ratio of 1.50 and a beta of 0.64. The stock has a 50 day moving average price of $28.70 and a two-hundred day moving average price of $32.37. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. Kone Oyj has a 1 year low of $26.52 and a 1 year high of $38.29.

Analyst Ratings Changes

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

About Kone Oyj

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.