OM:ASSA BBuilding
ASSA ABLOY (OM:ASSA B) Margin Miss Reinforces Investor Caution Despite Strong Growth Forecasts
ASSA ABLOY (OM:ASSA B) reported a net profit margin of 9.6%, down from 10.4% a year ago, with annual earnings growing by 9.7% on average over the past five years. While last year's earnings growth was negative and not comparable to the longer-term trend, analysts now expect revenue to climb 6.7% per year and earnings to expand at a solid 12.1% per year moving forward. With the stock trading below fair value estimates and against a backdrop of continued profit and revenue growth, investors...