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

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

AB SKF Trading Up 1.4%

OTCMKTS:SKFRY opened at $27.66 on Wednesday. AB SKF has a 52 week low of $22.26 and a 52 week high of $29.42. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.85 and a beta of 1.19. The company’s 50 day moving average price is $27.69 and its 200-day moving average price is $26.58. The company has a quick ratio of 1.30, a current ratio of 2.19 and a debt-to-equity ratio of 0.31.

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.