KONE Oyj (OTCMKTS:KNYJY) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

KONE Oyj (OTCMKTS:KNYJY) announced 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 Down 0.9 %

KNYJY traded down $0.24 during midday trading on Thursday, reaching $25.21. The company’s stock had a trading volume of 64,505 shares, compared to its average volume of 37,339. The stock’s 50-day moving average is $24.88 and its 200-day moving average is $26.20. KONE Oyj has a 1 year low of $22.69 and a 1 year high of $30.12. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 3.32 and a beta of 0.69. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

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

About KONE Oyj

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.