AB SKF (OTCMKTS:SKFRY) Given Average Recommendation of “Hold” by Brokerages

AB SKF (OTCMKTS:SKFRYGet Free Report) has received an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.

Separately, Zacks Research raised shares of AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd.

Read Our Latest Analysis on AB SKF

AB SKF Trading Down 3.0%

Shares of SKFRY stock opened at $27.26 on Friday. 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 $12.41 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.93 and a beta of 1.19. The company has a 50-day simple moving average of $27.43 and a two-hundred day simple moving average of $26.15. AB SKF has a 52-week low of $22.26 and a 52-week high of $29.42.

AB SKF (OTCMKTS:SKFRYGet Free Report) last issued its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. AB SKF had a return on equity of 13.27% and a net margin of 5.05%.The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Research analysts anticipate that AB SKF will post 1.81 EPS for the current fiscal year.

About AB SKF

(Get Free Report)

AB SKF is a Swedish industrial technology company headquartered in Gothenburg. Founded in 1907, the company develops and supplies products and services that support the reliable, efficient operation of rotating equipment across industrial and automotive applications.

SKF’s offerings include bearings, seals, lubrication systems, and related products, as well as condition-monitoring technologies and maintenance services. Its solutions are designed to help customers reduce friction, manage equipment wear, improve energy efficiency, and extend the operating life of machinery.

The company serves customers in industries such as manufacturing, energy, transportation, mining, aerospace, and automotive.

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Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

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