Saab (OTCMKTS:SAABY) Posts Quarterly Earnings Results

Saab (OTCMKTS:SAABY) posted its quarterly earnings results on Friday. The company reported $0.21 earnings per share for the quarter, Zacks reports. Saab had a net margin of 7.87% and a return on equity of 15.43%.

Saab Price Performance

Shares of OTCMKTS:SAABY opened at $26.61 on Friday. The business’s fifty day moving average price is $27.67 and its two-hundred day moving average price is $32.32. The stock has a market cap of $28.49 billion, a PE ratio of 34.12 and a beta of -0.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28. Saab has a one year low of $23.29 and a one year high of $40.77.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SAABY. Citigroup raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Pareto Securities raised Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock 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.