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

Shares of AB SKF (OTCMKTS:SKFRY) have been assigned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.

Several analysts recently commented on the stock. Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Royal Bank Of Canada downgraded shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th.

AB SKF Stock Down 2.5%

SKFRY stock opened at $25.37 on Friday. The company has a fifty day moving average price of $25.61 and a 200 day moving average price of $26.16. AB SKF has a 12 month low of $22.26 and a 12 month high of $29.41. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 1.18.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 EPS for the quarter, beating 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 firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.44 billion. Sell-side analysts expect that AB SKF will post 1.8 earnings per share for the current 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.