Alfa Laval (OTCMKTS:ALFVY) Releases Quarterly Earnings Results

Alfa Laval (OTCMKTS:ALFVY) released its earnings results on Tuesday. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.05), Zacks reports. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Alfa Laval had a return on equity of 18.93% and a net margin of 11.83%.

Alfa Laval Stock Performance

Shares of Alfa Laval stock opened at $58.24 on Wednesday. The firm’s 50-day simple moving average is $57.65 and its 200-day simple moving average is $57.09. Alfa Laval has a 1 year low of $42.82 and a 1 year high of $62.95. The firm has a market cap of $24.07 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.38.

Analysts Set New Price Targets

Several brokerages have commented on ALFVY. Pareto Securities upgraded Alfa Laval from a “hold” rating to a “buy” rating in a research note on Wednesday. Citigroup reiterated a “neutral” rating on shares of Alfa Laval in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alfa Laval in a report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Alfa Laval presently has an average rating of “Hold”.

About Alfa Laval

Alfa Laval is an industrial engineering company specializing in heat transfer, separation and fluid handling technologies. Its product portfolio includes plate and tubular heat exchangers, separators and decanter centrifuges, pumps, valves and complete process systems designed to control temperature, separate liquids and solids, and move fluids reliably through industrial processes. The company supplies both standardized components and engineered systems for integration into customer plants and vessels.

The company serves a broad set of end markets including energy and power, marine and offshore, food and beverage processing, water and wastewater treatment, chemical and pharmaceutical production, and pulp and paper.