Assa Abloy (OTCMKTS:ASAZY) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Assa Abloy (OTCMKTS:ASAZY) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01), Zacks reports. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.13 billion.

Assa Abloy Price Performance

ASAZY opened at $19.11 on Wednesday. The business’s 50-day moving average price is $17.96 and its two-hundred day moving average price is $18.67. Assa Abloy has a 1 year low of $16.82 and a 1 year high of $21.98.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Assa Abloy in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Assa Abloy

Assa Abloy AB is a Sweden-based global provider of access solutions. The company develops, manufactures and sells products and systems that help secure, manage and automate access to buildings, properties and other facilities.

Its portfolio includes mechanical and electromechanical locks, electronic access-control systems, digital identification and authentication solutions, door hardware, security doors, entrance automation equipment and security solutions for hotels. Assa Abloy also provides related services, software and integrated systems for commercial, institutional, residential and industrial customers.

The company was formed in 1994 through the merger of Assa in Sweden and Abloy in Finland.