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

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

Alfa Laval Corporate Trading Up 1.1 %

Shares of ALFVY traded up $0.50 during trading hours on Wednesday, reaching $44.29. 11,221 shares of the company traded hands, compared to its average volume of 16,387. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.08 and a beta of 1.42. Alfa Laval Corporate has a 12-month low of $34.99 and a 12-month high of $48.46. The stock’s fifty day moving average price is $43.01 and its 200 day moving average price is $43.90. The company has a current ratio of 1.38, a quick ratio of 0.86 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.