Kone Oyj (KNYJY) Expected to Post Quarterly Earnings on Thursday

Kone Oyj (OTCMKTS:KNYJY) is projected to announce its results before the market opens on Thursday, October 22nd. Analysts expect the company to post earnings of $0.31 per share and revenue of $3.23 billion for the quarter.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.38 billion. On average, analysts expect Kone Oyj to post $1.19 EPS for the current fiscal year and $1.37 EPS for the next fiscal year.

Kone Oyj Trading Down 1.2%

OTCMKTS:KNYJY opened at $30.55 on Tuesday. The stock has a market cap of $27.69 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.01 and a beta of 0.59. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83. The stock’s 50-day moving average is $29.48 and its two-hundred day moving average is $29.71.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KNYJY shares. Zacks Research raised shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Kepler Capital Markets raised shares of Kone Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Kone Oyj Company Profile

KONE Oyj is a Finland-based company that designs, manufactures, installs, modernizes and maintains elevators, escalators and automatic building doors. Its solutions are used in residential, commercial, infrastructure and public buildings, with a focus on improving the movement of people within buildings and urban environments.

The company provides new equipment as well as maintenance and modernization services for existing installations. Its offerings also include digital and connected solutions intended to support equipment monitoring, predictive maintenance, access management and smoother passenger flows.

Founded in 1910, KONE is headquartered in Espoo, Finland, and serves customers internationally across Europe, the Middle East and Africa, the Americas, and the Asia-Pacific region, including Greater China.