AB SKF (OTCMKTS:SKFRY) Announces Earnings Results, Beats Expectations By $0.06 EPS

AB SKF (OTCMKTS:SKFRY) issued its earnings results on Tuesday. The industrial products company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06, Zacks reports. AB SKF had a return on equity of 14.27% and a net margin of 4.20%.The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.44 billion.

AB SKF Stock Performance

Shares of SKFRY opened at $25.64 on Wednesday. The company has a market capitalization of $11.68 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. AB SKF has a one year low of $18.04 and a one year high of $29.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.19. The company’s fifty day moving average price is $25.85 and its 200 day moving average price is $26.24.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SKFRY shares. Rothschild & Co Redburn lowered AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. The Goldman Sachs Group cut shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. Royal Bank Of Canada downgraded shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday. Zacks Research lowered shares of AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Finally, Jefferies Financial Group cut shares of AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday, January 25th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, AB SKF has a consensus rating of “Reduce”.

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.