AB SKF (OTCMKTS:SKFRY) Posts Quarterly Earnings Results

AB SKF (OTCMKTS:SKFRY) posted its earnings results on Friday. The industrial products company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14, Zacks reports. AB SKF had a return on equity of 13.63% and a net margin of 4.23%.

AB SKF Stock Performance

OTCMKTS SKFRY opened at $27.26 on Friday. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.12 and a beta of 1.18. The business’s 50 day moving average is $25.94 and its two-hundred day moving average is $26.17. AB SKF has a 12-month low of $22.26 and a 12-month high of $29.41. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada cut AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About AB SKF

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.