AB SKF (OTCMKTS:SKFRY – Get Free Report) released its quarterly earnings results on Friday. The industrial products company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14, Zacks reports. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. AB SKF had a return on equity of 13.63% and a net margin of 4.23%.
AB SKF Price Performance
SKFRY opened at $25.82 on Friday. The firm has a market capitalization of $11.76 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 1.18. The business’s 50-day moving average is $25.94 and its two-hundred day moving average is $26.16. AB SKF has a 1 year low of $22.26 and a 1 year high of $29.41.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. 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 lowered shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AB SKF 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.
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