Alfa Laval Corporate (OTCMKTS:ALFVY) Posts Earnings Results, Beats Expectations By $0.04 EPS

Alfa Laval Corporate (OTCMKTS:ALFVY - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.45 EPS for the quarter, topping 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 business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.56 billion.

Alfa Laval Corporate Price Performance

Alfa Laval Corporate stock traded up $0.03 during trading hours on Thursday, reaching $42.13. 22,865 shares of the stock were exchanged, compared to its average volume of 33,387. The stock has a 50 day moving average of $42.51 and a two-hundred day moving average of $43.08. Alfa Laval Corporate has a twelve month low of $36.86 and a twelve month high of $48.46. 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 company has a market cap of $17.41 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 2.08 and a beta of 1.34.

Alfa Laval Corporate Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 5th will be paid a dividend of $0.6343 per share. The ex-dividend date is Friday, May 2nd. This represents a yield of 1.52%. Alfa Laval Corporate's payout ratio is 42.01%.

Analyst Ratings Changes

ALFVY has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded shares of Alfa Laval Corporate from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 26th. UBS Group upgraded shares of Alfa Laval Corporate from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 9th.

About Alfa Laval Corporate

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.