Alfa Laval (OTCMKTS:ALFVY – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01), Zacks reports. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion.
Alfa Laval Stock Up 1.5%
Shares of ALFVY stock opened at $55.77 on Wednesday. The stock’s 50-day moving average is $57.21 and its two-hundred day moving average is $57.44. Alfa Laval has a fifty-two week low of $44.78 and a fifty-two week high of $62.95.
Analyst Ratings Changes
Several analysts recently commented on the stock. Citigroup reissued a “neutral” rating on shares of Alfa Laval in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alfa Laval in a report on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of Alfa Laval in a research report on Thursday, July 30th. Zacks Research cut Alfa Laval from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Finally, Danske lowered Alfa Laval to a “hold” rating in a research report on Tuesday, September 29th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
View Our Latest Research Report on Alfa Laval
About Alfa Laval
Alfa Laval AB is a Swedish industrial company that develops and supplies products and systems for heat transfer, separation and fluid handling. Its technologies are used to improve energy efficiency, manage industrial processes and support the treatment of liquids, gases and other materials.
The company’s offerings include heat exchangers, centrifugal separators, pumps, valves, hygienic fluid-handling equipment, tank-cleaning systems and related process solutions. Alfa Laval serves customers in industries such as energy, food and beverage, pharmaceuticals, chemicals, wastewater treatment, marine transportation and other industrial markets.
Alfa Laval traces its origins to 1883, when Swedish engineer and inventor Gustaf de Laval founded the company that became associated with its separator technology.
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