Alfa Laval Corporate (OTCMKTS:ALFVY) Reaches New 52-Week High Following Earnings Beat

Alfa Laval Corporate AB (OTCMKTS:ALFVY)’s share price reached a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $43.12 and last traded at $42.78, with a volume of 17420 shares. The stock had previously closed at $39.77.

The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Alfa Laval Corporate had a return on equity of 17.86% and a net margin of 10.11%.

Alfa Laval Corporate Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 29th will be given a $0.7098 dividend. This is a boost from Alfa Laval Corporate’s previous dividend of $0.43. The ex-dividend date of this dividend is Friday, April 26th. Alfa Laval Corporate’s dividend payout ratio is presently 29.53%.

Alfa Laval Corporate Trading Up 2.8 %

The business has a 50 day simple moving average of $39.14 and a 200-day simple moving average of $37.12. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 2.80 and a beta of 1.49.

Alfa Laval Corporate 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.