Alfa Laval Corporate (OTCMKTS:ALFVY) Hits New 52-Week High Following Strong Earnings

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

The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Alfa Laval Corporate had a net margin of 10.11% and a return on equity of 17.86%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.50 billion.

Alfa Laval Corporate Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 29th will be paid a dividend of $0.7098 per share. The ex-dividend date of this dividend is Friday, April 26th. This is an increase from Alfa Laval Corporate’s previous dividend of $0.43. Alfa Laval Corporate’s dividend payout ratio is 29.53%.

Alfa Laval Corporate Stock Performance

The firm has a fifty day simple moving average of $39.14 and a 200 day simple moving average of $37.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.28 and a quick ratio of 0.78. The company has a market cap of $17.89 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 2.80 and a beta of 1.49.

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.