Saab (OTCMKTS:SAABY) Posts Earnings Results

Saab (OTCMKTS:SAABY) posted its quarterly earnings data on Friday. The company reported $0.21 EPS for the quarter, Zacks reports. Saab had a net margin of 7.87% and a return on equity of 15.43%.

Saab Stock Performance

Shares of SAABY opened at $29.32 on Friday. The firm has a market capitalization of $31.39 billion, a P/E ratio of 37.59 and a beta of -0.09. Saab has a 52 week low of $23.29 and a 52 week high of $40.77. The stock has a 50 day moving average price of $27.67 and a two-hundred day moving average price of $32.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28.

Analyst Ratings Changes

Several research firms recently issued reports on SAABY. Pareto Securities upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Trending Headlines about Saab

Here are the key news stories impacting Saab this week:

• Positive Sentiment: Saab reported second-quarter operating profit above forecasts, helped by surging defense demand and higher sales and order bookings. Defence group Saab operating profit beats forecast
• Positive Sentiment: The company said its order backlog hit a record level, with demand for military equipment driving a fifth straight quarter of growth in the order book. Sweden’s Saab posts record orders as fighter jet maker cashes in on higher defense spending
• Positive Sentiment: Saab backed its medium-term growth guidance after signing several large recent orders, signaling management confidence in continued demand. Saab Backs Guidance as Defense Demand Remains Strong
• Positive Sentiment: Saab won new work to equip German Navy frigates, adding to its backlog and reinforcing the investment case for its combat systems business. Saab receives order to equip the German Navy´s new frigates
• Neutral Sentiment: CEO commentary in media interviews focused on Europe’s need for more joint defense procurement and industry partnerships, which highlights the policy backdrop but does not directly change near-term fundamentals. Saab CEO: Europe needs joint defense procurement and industry partnerships

Saab Company Profile

Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.

In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.