Saab (OTCMKTS:SAABY) Releases Quarterly Earnings Results

Saab (OTCMKTS:SAABY) released its quarterly earnings results 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 Trading Down 1.9%

Shares of OTCMKTS SAABY opened at $26.61 on Friday. The firm has a 50 day moving average price of $27.67 and a two-hundred day moving average price of $32.32. The stock has a market cap of $28.49 billion, a P/E ratio of 34.12 and a beta of -0.09. Saab has a 52-week low of $23.29 and a 52-week high of $40.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28.

Analysts Set New Price Targets

Several equities analysts have recently commented on SAABY shares. Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.