AB SKF (OTCMKTS:SKFRY) Receives Consensus Rating of “Hold” from Brokerages

AB SKF (OTCMKTS:SKFRY) has earned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.

SKFRY has been the topic of several research reports. Royal Bank Of Canada cut shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research upgraded AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd.

AB SKF Trading Up 1.6%

Shares of SKFRY opened at $27.21 on Thursday. 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 firm has a market cap of $12.39 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. The company has a 50 day simple moving average of $25.90 and a two-hundred day simple moving average of $26.16. AB SKF has a 1 year low of $22.26 and a 1 year high of $29.41.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.44 billion. On average, equities analysts expect that AB SKF will post 1.8 earnings per share for the current fiscal year.

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.