Alfa Laval Corporate (OTCMKTS:ALFVY) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Alfa Laval Corporate (OTCMKTS:ALFVY) posted its earnings results on Wednesday. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06), Zacks reports. Alfa Laval Corporate had a net margin of 10.39% and a return on equity of 17.71%.

Alfa Laval Corporate Trading Up 1.1 %

Shares of OTCMKTS:ALFVY traded up $0.50 during midday trading on Wednesday, reaching $44.29. The company’s stock had a trading volume of 11,221 shares, compared to its average volume of 16,387. The business has a 50 day moving average price of $43.01 and a 200 day moving average price of $43.90. Alfa Laval Corporate has a 1 year low of $34.99 and a 1 year high of $48.46. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.08 and a beta of 1.42. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised shares of Alfa Laval Corporate from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, December 18th.

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.