Alfa Laval Corporate (OTCMKTS:ALFVY) Reaches New 52-Week High at $43.12

Alfa Laval Corporate AB (OTCMKTS:ALFVY) shares reached a new 52-week high on Thursday . 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.

Alfa Laval Corporate Price Performance

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 stock’s 50 day simple moving average is $38.88 and its two-hundred day simple moving average is $37.01. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 2.57 and a beta of 1.49.

Alfa Laval Corporate (OTCMKTS:ALFVY) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Alfa Laval Corporate had a return on equity of 17.38% and a net margin of 9.95%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, analysts forecast that Alfa Laval Corporate AB will post 1.63 earnings per share for the current fiscal year.

Alfa Laval Corporate Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 20th. Shareholders 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 payout ratio is currently 30.34%.

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.