AB SKF (SKFRY) Expected to Post Quarterly Earnings on Wednesday

AB SKF (OTCMKTS:SKFRY) will likely be posting its results before the market opens on Wednesday, October 21st. Analysts expect the company to announce earnings of $0.3505 per share and revenue of $2.35 billion for the quarter.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings data on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.39 by $0.14. AB SKF had a return on equity of 13.27% and a net margin of 5.05%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. On average, analysts expect AB SKF to post $1.79 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.

AB SKF Trading Up 0.9%

OTCMKTS SKFRY opened at $27.27 on Tuesday. AB SKF has a 1-year low of $22.26 and a 1-year high of $29.42. 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 stock has a 50-day moving average of $27.68 and a 200-day moving average of $26.55. The firm has a market cap of $12.42 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About AB SKF

AB SKF is a Sweden-based industrial technology company that develops and supplies products and services for rotating equipment. Its portfolio includes bearings, seals, lubrication systems, and condition-monitoring technologies designed to improve the reliability, efficiency, and service life of machinery.

SKF serves customers across industries such as automotive, aerospace, energy, rail, industrial manufacturing, and heavy equipment. In addition to component manufacturing, the company provides engineering expertise, maintenance services, remanufacturing, and digital solutions that help customers monitor equipment performance and manage rotating assets.

Founded in Gothenburg, Sweden, in 1907, SKF has grown into an international group serving customers through operations and distribution networks across Europe, the Americas, Asia, and other global markets.