Saab (OTCMKTS:SAABY) Releases Quarterly Earnings Results

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

Saab Stock Performance

Shares of SAABY stock opened at $26.61 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28. The firm has a market capitalization of $28.49 billion, a price-to-earnings ratio of 34.12 and a beta of -0.09. Saab has a one year low of $23.29 and a one year high of $40.77. The company has a 50 day moving average price of $27.67 and a 200 day moving average price of $32.32.

Analysts Set New Price Targets

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