AB SKF (OTCMKTS:SKFRY) Issues Earnings Results, Beats Estimates By $0.05 EPS

AB SKF (OTCMKTS:SKFRY) released its quarterly earnings results on Wednesday. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05, Zacks reports. AB SKF had a return on equity of 13.27% and a net margin of 5.05%.

AB SKF Stock Up 1.4%

OTCMKTS SKFRY opened at $27.66 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.19. The company has a market capitalization of $12.60 billion, a P/E ratio of 26.09, a P/E/G ratio of 1.85 and a beta of 1.19. AB SKF has a one year low of $22.26 and a one year high of $29.42. The stock has a 50 day moving average price of $27.69 and a 200-day moving average price of $26.58.

About AB SKF

AB SKF is a Sweden-based industrial technology company that develops and supplies products and services for rotating equipment. Its portfolio includes bearings, seals, lubrication systems, and condition-monitoring technologies designed to improve the reliability, efficiency, and service life of machinery.

SKF serves customers across industries such as automotive, aerospace, energy, rail, industrial manufacturing, and heavy equipment. In addition to component manufacturing, the company provides engineering expertise, maintenance services, remanufacturing, and digital solutions that help customers monitor equipment performance and manage rotating assets.

Founded in Gothenburg, Sweden, in 1907, SKF has grown into an international group serving customers through operations and distribution networks across Europe, the Americas, Asia, and other global markets.