Kone Oyj (OTCMKTS:KNYJY) Issues Quarterly Earnings Results

Kone Oyj (OTCMKTS:KNYJY) announced its earnings results on Wednesday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01), Zacks reports. Kone Oyj had a net margin of 8.61% and a return on equity of 41.07%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.23 billion.

Kone Oyj Trading Up 0.1%

Kone Oyj stock opened at $30.39 on Friday. Kone Oyj has a 12-month low of $26.52 and a 12-month 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 has a market capitalization of $27.54 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.98 and a beta of 0.59. The firm has a 50 day simple moving average of $29.77 and a 200-day simple moving average of $31.23.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Kone Oyj

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.