AB SKF (SKFRY) Expected to Announce Earnings on Friday

AB SKF (OTCMKTS:SKFRY) is projected to release its results before the market opens on Friday, January 30th. Analysts expect AB SKF to post earnings of $0.41 per share and revenue of $2.4058 billion for the quarter.

AB SKF (OTCMKTS:SKFRY) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.29 billion. On average, analysts expect AB SKF to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AB SKF Trading Up 0.4%

SKFRY stock opened at $28.88 on Thursday. AB SKF has a 52 week low of $15.86 and a 52 week high of $28.91. The company has a market capitalization of $13.15 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.94 and a beta of 1.13. The company’s 50-day simple moving average is $26.75 and its 200 day simple moving average is $25.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16.

Wall Street Analysts Forecast Growth

SKFRY has been the topic of several recent research reports. Jefferies Financial Group cut shares of AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday. BNP Paribas Exane raised AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Zacks Research cut AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Rothschild Redb downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group lowered AB SKF from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 19th. One equities 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. Based on data from MarketBeat.com, AB SKF presently has a consensus 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.