KONE Oyj (OTCMKTS:KNYJY) Announces Earnings Results, Misses Expectations By $0.04 EPS

KONE Oyj (OTCMKTS:KNYJY) posted its earnings results on Thursday. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04), Zacks reports. KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%.

KONE Oyj Stock Performance

KNYJY traded down $0.24 during midday trading on Thursday, reaching $25.21. The company had a trading volume of 64,505 shares, compared to its average volume of 37,339. KONE Oyj has a 1 year low of $22.69 and a 1 year high of $30.12. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $22.85 billion, a P/E ratio of 24.48, a P/E/G ratio of 3.32 and a beta of 0.69. The business has a 50-day moving average of $24.88 and a two-hundred day moving average of $26.20.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut shares of KONE Oyj from a “hold” rating to a “strong sell” rating in a research note on Monday, November 25th.

KONE Oyj Company Profile

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.