Alfa Laval Corporate AB to Issue Dividend of $0.63 (OTCMKTS:ALFVY)

Alfa Laval Corporate AB (OTCMKTS:ALFVY) declared a dividend on Tuesday, April 29th, investing.com reports. Investors of record on Monday, May 5th will be paid a dividend of 0.6343 per share on Thursday, May 22nd. This represents a yield of 1.52%. The ex-dividend date is Friday, May 2nd.

Alfa Laval Corporate Trading Down 1.6 %

Shares of ALFVY stock opened at $41.15 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 0.22. Alfa Laval Corporate has a fifty-two week low of $36.86 and a fifty-two week high of $48.46. The stock has a market capitalization of $17.01 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.08 and a beta of 1.34. The stock has a 50-day simple moving average of $42.58 and a 200 day simple moving average of $43.12.

Alfa Laval Corporate (OTCMKTS:ALFVY) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). Alfa Laval Corporate had a net margin of 11.07% and a return on equity of 18.34%. On average, sell-side analysts expect that Alfa Laval Corporate will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

ALFVY has been the subject of several research analyst reports. UBS Group raised Alfa Laval Corporate from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 9th. The Goldman Sachs Group raised Alfa Laval Corporate from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 26th.

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.