AB SKF (OTCMKTS:SKFRY – Get Free Report) issued its quarterly earnings data on Friday. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14, Zacks reports. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion.
AB SKF Stock Performance
OTCMKTS SKFRY opened at $25.82 on Friday. The company has a market capitalization of $11.76 billion, a P/E ratio of 24.36, a P/E/G ratio of 2.02 and a beta of 1.18. AB SKF has a 52-week low of $22.26 and a 52-week high of $29.41. The company has a fifty day moving average of $25.94 and a 200-day moving average of $26.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 2.09.
Analysts Set New Price Targets
Several research firms recently commented on SKFRY. Royal Bank Of Canada cut AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AB SKF 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.
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