AB SKF (OTCMKTS:SKFRY) Receives Average Rating of “Hold” from Analysts

AB SKF (OTCMKTS:SKFRY) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company.

Separately, Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd.

AB SKF Price Performance

Shares of SKFRY stock opened at $28.32 on Friday. The stock has a 50 day moving average of $27.18 and a two-hundred day moving average of $26.16. The company has a current ratio of 2.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $12.89 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.90 and a beta of 1.19. AB SKF has a 12 month low of $22.26 and a 12 month high of $29.42.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. As a group, equities analysts expect that AB SKF will post 1.81 EPS for the current year.

AB SKF Company Profile

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.