AB SKF (OTCMKTS:SKFRY) Receives Average Recommendation of “Hold” from Brokerages

Shares of AB SKF (OTCMKTS:SKFRY) have earned a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.

A number of equities analysts have recently commented on SKFRY shares. Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada downgraded shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th.

AB SKF Price Performance

Shares of AB SKF stock opened at $26.02 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 1.18. AB SKF has a fifty-two week low of $22.26 and a fifty-two week high of $29.41. The firm has a fifty day moving average price of $25.63 and a two-hundred day moving average price of $26.16. The company has a market cap of $11.85 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.44 billion. Analysts expect that AB SKF will post 1.8 EPS for the current 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.