Alfa Laval Corporate (OTCMKTS:ALFVY) Shares Up 1.1% – Time to Buy?

Alfa Laval Corporate AB (OTCMKTS:ALFVY) shot up 1.1% during mid-day trading on Tuesday . The company traded as high as $43.88 and last traded at $43.82. 13,982 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 30,915 shares. The stock had previously closed at $43.36.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALFVY. The Goldman Sachs Group upgraded shares of Alfa Laval Corporate from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 26th. UBS Group raised shares of Alfa Laval Corporate from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 9th.

Alfa Laval Corporate Price Performance

The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.08 and a beta of 1.39. The business’s 50-day simple moving average is $41.96 and its two-hundred day simple moving average is $42.80. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22.

Alfa Laval Corporate (OTCMKTS:ALFVY) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Alfa Laval Corporate had a return on equity of 18.34% and a net margin of 11.07%. As a group, research analysts expect that Alfa Laval Corporate AB will post 1.85 EPS for the current fiscal year.

Alfa Laval Corporate Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 5th will be issued a $0.6343 dividend. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, May 2nd. Alfa Laval Corporate’s dividend payout ratio is currently 43.43%.

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.