AB SKF (OTCMKTS:SKFRY) Announces Earnings Results

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

AB SKF Stock Down 0.1%

Shares of OTCMKTS SKFRY opened at $27.26 on Friday. The business has a 50-day moving average of $25.94 and a two-hundred day moving average of $26.17. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.12 and a beta of 1.18. AB SKF has a 1 year low of $22.26 and a 1 year high of $29.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 1.18.

Wall Street Analyst Weigh In

SKFRY has been the topic of a number of research reports. 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 cut shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

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.