Saab (OTCMKTS:SAABY) Announces Quarterly Earnings Results

Saab (OTCMKTS:SAABY) released its quarterly earnings data on Friday. The company reported $0.13 earnings per share for the quarter, Zacks reports. Saab had a return on equity of 15.87% and a net margin of 8.05%.

Saab Trading Up 2.2%

Shares of SAABY stock traded up $0.69 during mid-day trading on Friday, reaching $32.55. The company’s stock had a trading volume of 59,214 shares, compared to its average volume of 140,489. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $34.85 billion, a PE ratio of 46.50 and a beta of -0.15. The company’s 50 day simple moving average is $31.71 and its 200-day simple moving average is $30.37. Saab has a 12-month low of $23.29 and a 12-month high of $40.77.

Analyst Ratings Changes

Several analysts have recently issued reports on SAABY shares. Pareto Securities upgraded Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Kepler Capital Markets upgraded Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Royal Bank Of Canada upgraded Saab to a “hold” rating in a research report on Tuesday, August 11th. Finally, Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Key Saab News

Here are the key news stories impacting Saab this week:

• Positive Sentiment: Orders more than tripled: Saab reported new orders of 65.8 billion Swedish kronor, compared with 20.9 billion kronor a year earlier. The increase was driven largely by major Ukraine-related Gripen fighter-jet and GlobalEye surveillance-aircraft agreements. Defense giant Saab sees orders triple after Gripen fighter jet deal with Ukraine
• Positive Sentiment: Profit and revenue beat expectations: Saab reported a sharp year-over-year rise in third-quarter sales and operating profit, with operating earnings exceeding analyst forecasts. The company also reported quarterly EPS of $0.13, an 8.05% net margin and a 15.87% return on equity. Defence group Saab’s Q3 operating profit beats expectations
• Positive Sentiment: Ukraine defense demand strengthens the backlog: Reports indicated that the Gripen order helped drive a sharp rise in bookings, improving Saab’s revenue visibility and supporting expectations for continued expansion in its aerospace and defense businesses. Saab’s Q3 orders triple on Ukraine Gripen E and GlobalEye deals
• Neutral Sentiment: Saab Australia launched a space-operations management platform for military users. The product expands Saab’s technology offering, although its near-term financial contribution was not disclosed. Saab Australia launches space operations management platform
• Negative Sentiment: At roughly 45.5 times earnings, SAABY already carries a demanding valuation. Sustaining the stock’s advance may depend on Saab converting the large order surge into profitable deliveries without execution delays or margin pressure.

About Saab

Saab AB is a Sweden-based defense and aerospace company that develops, manufactures and supports products and services for military and civil security customers. Its business includes combat aircraft, weapons systems, sensors, command-and-control solutions, training systems and naval platforms.

The company’s Aeronautics business produces the Gripen fighter aircraft and related systems, while its Surveillance operations provide airborne early-warning, radar, electronic-warfare and sensor technologies, including the GlobalEye system.