AB SKF (OTCMKTS:SKFRY) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

AB SKF (OTCMKTS:SKFRY) released its quarterly earnings results on Tuesday. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08, Zacks reports. AB SKF had a return on equity of 14.27% and a net margin of 4.20%.

AB SKF Trading Down 0.5%

Shares of OTCMKTS:SKFRY opened at $27.03 on Tuesday. The stock has a 50 day moving average of $25.91 and a 200 day moving average of $26.24. The company has a market cap of $12.31 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17. The company has a current ratio of 2.11, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. AB SKF has a 12-month low of $17.49 and a 12-month high of $29.41.

Wall Street Analysts Forecast Growth

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