Alfa Laval (OTCMKTS:ALFVY) Posts Quarterly Earnings Results

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.05), Zacks reports. Alfa Laval had a net margin of 11.86% and a return on equity of 19.85%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.83 billion.

Alfa Laval Trading Down 1.1%

ALFVY traded down $0.51 during midday trading on Thursday, reaching $44.69. 9,664 shares of the company were exchanged, compared to its average volume of 25,981. The stock has a market capitalization of $18.47 billion, a P/E ratio of 23.90, a PEG ratio of 1.77 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 1.34. The stock's 50-day simple moving average is $42.79 and its 200 day simple moving average is $42.74. Alfa Laval has a one year low of $36.86 and a one year high of $48.46.

Alfa Laval Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 5th were issued a dividend of $0.6343 per share. This represents a yield of 1.52%. The ex-dividend date was Friday, May 2nd. Alfa Laval's dividend payout ratio (DPR) is currently 43.43%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group upgraded Alfa Laval from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group upgraded Alfa Laval from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Nordea Equity Research upgraded Alfa Laval from a "sell" rating to a "hold" rating in a report on Wednesday.

Alfa Laval Company Profile

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.