Alfa Laval Corporate (OTCMKTS:ALFVY - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.04, Zacks reports. Alfa Laval Corporate had a net margin of 11.07% and a return on equity of 18.34%. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.56 billion.
Alfa Laval Corporate Stock Up 0.2 %
OTCMKTS ALFVY traded up $0.10 on Friday, hitting $42.22. 10,220 shares of the stock traded hands, compared to its average volume of 33,107. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $42.48 and a 200 day moving average of $43.03. Alfa Laval Corporate has a twelve month low of $36.86 and a twelve month high of $48.46. The company has a market capitalization of $17.45 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.08 and a beta of 1.39.
Alfa Laval Corporate Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 5th will be paid a $0.6343 dividend. The ex-dividend date is Friday, May 2nd. This represents a yield of 1.52%. Alfa Laval Corporate's dividend payout ratio (DPR) is 40.57%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ALFVY. UBS Group upgraded Alfa Laval Corporate from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group raised shares of Alfa Laval Corporate from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 26th.
View Our Latest Stock Report on ALFVY
About Alfa Laval Corporate
(
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Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.
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