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

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

A number of research analysts recently weighed in on SKFRY shares. Zacks Research raised AB SKF from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Royal Bank Of Canada cut AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th.

AB SKF Price Performance

OTCMKTS SKFRY opened at $27.60 on Monday. AB SKF has a fifty-two week low of $22.26 and a fifty-two week high of $29.41. The stock’s 50-day moving average is $26.48 and its two-hundred day moving average is $26.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.19 and a quick ratio of 1.30. The firm has a market cap of $12.57 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. AB SKF had a return on equity of 13.27% and a net margin of 5.05%. On average, analysts anticipate that AB SKF will post 1.81 earnings per share for the current fiscal 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.