AB SKF (OTCMKTS:SKFRY) Given Average Recommendation of “Hold” by Analysts

AB SKF (OTCMKTS:SKFRY) has earned an average rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company.

A number of brokerages recently issued reports on SKFRY. Zacks Research raised 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.

AB SKF Trading Up 1.7%

Shares of AB SKF stock opened at $26.37 on Thursday. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.23. AB SKF has a 12-month low of $22.26 and a 12-month high of $29.41. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.79 and a beta of 1.18. The firm’s 50-day moving average price is $25.97 and its two-hundred day moving average price is $26.15.

AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14. AB SKF had a net margin of 5.05% and a return on equity of 13.48%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. On average, analysts forecast that AB SKF will post 1.8 earnings per share for the current fiscal year.

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.