AB SKF (OTCMKTS:SKFRY) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

AB SKF (OTCMKTS:SKFRY) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06, Zacks reports. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.44 billion. AB SKF had a return on equity of 14.05% and a net margin of 4.23%.

AB SKF Trading Down 1.7%

Shares of OTCMKTS SKFRY opened at $25.20 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11. The business’s 50 day moving average price is $25.78 and its 200-day moving average price is $26.24. AB SKF has a fifty-two week low of $18.47 and a fifty-two week high of $29.41. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.71 and a beta of 1.17.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SKFRY shares. Jefferies Financial Group lowered AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th. Zacks Research lowered AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Rothschild & Co Redburn lowered AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada lowered AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group lowered AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

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.