AB SKF (OTCMKTS:SKFRY) Releases Earnings Results

AB SKF (OTCMKTS:SKFRY) announced its quarterly earnings data on Friday. The industrial products company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14, Zacks reports. AB SKF had a net margin of 4.23% and a return on equity of 13.63%.

AB SKF Stock Down 0.1%

SKFRY stock opened at $27.26 on Friday. The stock has a market cap of $12.41 billion, a P/E ratio of 30.98, a PEG ratio of 2.12 and a beta of 1.18. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. AB SKF has a twelve month low of $22.26 and a twelve month high of $29.41. The company’s 50 day moving average is $25.94 and its two-hundred day moving average is $26.17.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SKFRY. Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Royal Bank Of Canada downgraded AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, AB SKF has a consensus rating of “Hold”.

About AB SKF

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.